GBPUSD 11-15 Week Analysis [October]
Here is my basic analysis on the 1H charts highlighting trendlines and support and resistance. GBPUSD to retest strong resistance at 1.3604 and head down to uptrend line for a retracement and back down to 1.3720. 14th October is going to be volatile with Bank of Englands (BoE’s) Mann speaking but it is anticipated that interest rates will not increase and therefore bearish sentiments will prevail. Please kindly feedback and comment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.