To your attention, an analytical look at the currency pair #Gbpusd:
The currency pair spent the entire trading week in the range of 1.2475-1.2231 last which is the Fibonacci support of 23.6% of the last movement.
The asset closed the trading week with a decrease of 200 points. The coefficient R also decreased to 282 points from 1046 the year before last.
We are seeing a , which began in June 2016, and received confirmation in February-April 2017. The most incredible thing is that the lower border of the channel is at around 1.06, but the question is, will we reach the next 3 months?
The currency pair was in the range all week, and further movement limited the Fibonacci resistance from the movement 09.03-19.03 = 1.2510 (61.8%). And most likely, we will see new declines.
Mathematical resistance and support levels for this week:
~ will be available on Monday:
a) Resistance: 0.0000, 0.0000 and 0.0000;
b) Support: 0.0000, 0.0000 and 0.0000;
* Leading indicators: Left the overbought zone and sank into the normalized zone.
* Price behavior indicators: Demonstrate the return of the price to a "normal state".
* Trend indicators: show a trend-down.
We continue to hold the sale from 1.2382
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