GBP/USD – Decision pivot level on the GBP at the price of 1.3170

GBP has been trading upwards at the price of 1.3150. The price is at the critical decision level at 1.3150-1.3170 and you should watch carefully the price action around it.

The breakout of the 1.3170 to the upside will confirm test of 1.3213-1.3280 and in that case you should watch on buying opportunities on the dips.

The rejection of the critical pivot resistance at 1.3170 would confirm rotation back towards the level of 1.3077.

MACD oscillator is showing positive reading but the slow line is tuned to the downside.

Stochastic oscillator is in overbought condition…

Major resistance is set at the price of 1.3150-1.317.

Support level is set at the price of 1.3077.

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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