GBP/USD 09.13.2019 – Both upward target met, more upside yet to come

GBP/USD did exactly what I expected yesterday and both our upward targets at 1.2374 and 1.2430 have been met. Anyway, I see still strong upward momentum in the background, which is sign that there still more upside to come. Next upward target is set at the price of 1.2515 (Fibonacci expansion 161.8%)

Upper green line – Support

Rising green line – Expected path

MACD oscillator is showing good new momentum up in the background and I do expect at least another push higher. Support levels are seen at the price of 1.2437 and 1.2390 and resistance levels are found at 1.2476 and 1.2515. Bears need to be very cautious as there is strong upward momentum in the background and potential buying the deep type of feeling. As long as the GBP is holding above 1.2383 there is a chance for potential test of 1.2515.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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