Forex Analysis october 8

GBP/USD Analysis

GBP / USD pair continued for a long time today put an end
to the movement within the channel and the channel with the lower point of breaking the 1.6060 support level fell to 1.6036 intra-day. If the GBP / USD pair 200-day simple moving average which is a 4-hour closing below 1.6047 level will continue to pressure performs sales and 61.8% Fibonacci correction points can say to target the 1.5965 level. For this reason, it is important, especially wax 16.00 hours, 16.00 hours of the 4 hour chart at 1.6047 the pair's 200-day simple moving average is below the level of the pair is very important not to change course changed. Performs a 4-hour closing above this level the pair again, and in such a case might want to continue the movement in the channel again will want to rise to the level of 1.6125.
Resistance Point: 1,6075-1,6125-1,6175 Support Point: 1,6030-1,6000-1,5965 Pivot: 1.6125