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Message: [QUOTE="Resolve, post: 236722, member: 29339"] [B][SIZE=5]GBPUSD Technical Analysis – 19th SEP, 2024 GBPUSD – Bullish Price Crossover Pattern[/SIZE][/B] [img]https://i.imgur.com/ErgI9Yu.png[/img] GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3152 the prices started to rise upwards against the United States Dollar today in the European Trading session. We can see Bullish price crossover with adaptative moving average 50 in the 15-minutes timeframe. We can see Bullish price crossover with Moving Average 20 in the 30-minutes timeframe. The RSI indicator is back over 50 in the 30-minutes timeframe. The Resistance of channel is broken in the 1-hourly timeframe. We have seen Bullish trend reversal: Moving Average 100 in the 4-hourly timeframe. We can see the Horizontal resistance is broken in the daily timeframe. The prices of GBPUSD are back over the pivot point in the daily timeframe. We can see the formation of Bullish engulfing lines in the weekly timeframe. GBPUSD prices are hovering New HIGH record (1 year) in the weekly timeframe. GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average. • Pound Bullish reversal seen above the 1.3152 mark. • Short-term range appears to be Strong Bullish. • GBPUSD continues to remain above the 1.3220 levels. • Average true range ATR is indicating Less market volatility. GBPUSD is now trading below its Pivot levels of 1.3257 and is moving into a Strong Bullish channel. The price of GBPUSD is above its Classic support levels of 1.3206 and is now moving towards its next target of 1.3238 which is a 14-3 Day Raw Stochastic at 80%. We are also looking for the breach of the levels of 1.3261 which is a Price 1 Standard Deviation Resistance. [I][B]Disclaimer:[/B] This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.[/I] [B][URL="https://fxopen.com/blog/en/?utm_source=earnforexforum&utm_medium=ownanalysis&utm_campaign=resolve"]For in-depth analysis, please check FXOpen Blog[/URL][/B] [/QUOTE]

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