GBP/USD: Since the Daily D extension has been hit I am

Tian Kriek

Analyst


August 21, 2018 06:24 AM

BEARISH

Daily Trading Range: 70
GBP/USD: Since the Daily D extension has been hit I am expecting a retracement to the backside of the broken up Outer Trend Line which forms a confluence with the potential right tip of the large bearish King's Crown Formation

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.3700
Resistance 2: 1.4000
Resistance 1: 1.4340
Current Price 1.2828
Support 1: 1.3200
Support 2: 1.3100
Support 3: 1.3000

Two Hour Chart

Two Hour Chart

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Additional Currency Pairs