The every day outline for the GBP/USD match demonstrates that it shut Friday minimal changed, additionally that the bearish specialized position wins, as pointers have scarcely slowed down their slides at their week by week lows, while the cost has expanded its decrease well beneath its moving midpoints, with the 20 DMA as of now at around 1.3040.
GBP/Usd is consolidating around 1.28 level while the pair remains strongly bearish. Immediate support 1.2775 is critical, break below would lead to further downward movements.
GBP/USD: The pair is approaching August low minimums - 1.2660. It could be a deep test of the strong 1.2700 support. If it manages to break it, it would be a sign that the Empire is going back to the panics.
The pair took a sharp reversal up today, but upside seems capped under 1.2800 level. 1.28 is a critical resistance level, as long as the pair has been kept below this level, the bearish trend would be still intact.
S&R day end 29/0ct/18
1.2790 proved to be a strong support

GBP/USD: The pair is approaching August low minimums - 1.2660. It could be a deep test of the strong 1.2700 support. If it manages to break it, it would be a sign that the Empire is going back to the panics.