Technical Analysis of Intraday Price Movement of GBP/USD Main Currency Pairs, Wednesday, October 11 2023.
October 11, 2023 5:23 am
If we look on the 4 hour chart, GBP/USD main currency pairs seems moving inside the Bullish Pitchfork channel and above WMA (30 shift 2) which followed by CCI indicator, successfully break above its main three important levels and also followed by the appearance of Bullish 123 pattern as well as Bullish Ross Hook where all of this indicates the return of Buyers to the Cable so that as long as there is no downward correction which breaks below the level 1,2105, then, in the near future GBP/USD has the potential to rally above to enter the Bearish Fair Value Gap level area around 1,2344-1,2374.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look on the 4 hour chart, GBP/USD main currency pairs seems moving inside the Bullish Pitchfork channel and above WMA (30 shift 2) which followed by CCI indicator, successfully break above its main three important levels and also followed by the appearance of Bullish 123 pattern as well as Bullish Ross Hook where all of this indicates the return of Buyers to the Cable so that as long as there is no downward correction which breaks below the level 1,2105, then, in the near future GBP/USD has the potential to rally above to enter the Bearish Fair Value Gap level area around 1,2344-1,2374.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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