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Atirox.com - Daily Analysis
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[QUOTE="andy.atx, post: 160375, member: 58758"] GBP/USD: technical analysis 26.02.2019 [URL='https://atirox.com/wp-content/uploads/GBPUSDH426022019.png'][IMG]https://atirox.com/wp-content/uploads/GBPUSDH426022019-1024x576.png[/IMG][/URL] Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The instrument is now testing the level of 1.3122 (Murray [7/8]) that holds the gate for its rise to 1.3183 (Murray [8/8]). There is a chance of an downward rebound from the level of 1.3183 , while its breakout would allow the growth to continue to the area of 1.3244 (Murray [+1/8]) level. Alternatively, breakdown of the level and consolidation of the price below the level 1.3122 will let GBP/USD reach the level of 1.3061 (Murray [6/8]). The downward trend will be restored after the price is set below the level of 1.3061, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.3000 (Murray [5/8]). Support and resistance Support levels: 1.3122, 1.3061, 1.3000. Resistance levels: 1.3183, 1.3244, 1.3305. Trading recommendations Long positions can be opened above the level of 1.3122 with the target at around 1.3061-1.3000 and stop-loss 1.3100. Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140. [/QUOTE]
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