4-hour timeframe
Technical data:
Senior channel linear regression: direction - up.
Junior channel linear regression: direction - laterally.
Moving average (20; smoothed) - down.
CCI: -103.4856
Explanation:
The nearest support levels:
S1 - 1,2878
S2 - 1,2817
S3 - 1,2756
The nearest resistance levels:
R1 - 1,2939
R2 - 1,3000
R3 - 1,3062
Trading recommendations:
Based on the analysis of the GBP / USD pair, we can conclude that it is now recommended to consider short positions with targets of 1.2878 and 1.2817.
Aside from the technical aspect, traders should also consider the fundamental data and their scheduled releases.
Explanation of illustration:
Senior channel linear regression - blue lines unidirectional movement.
Junior channel linear regression - purple line unidirectional movement.
CCI - blue line in the indicator window.
Moving average (20; smoothed) - blue line on the chart.
Murray levels - multicolored horizontal stripes.
Heiken Ashi - the indicator bars coloring in blue or purple.
