Daily analysis of GBP/USD for October 24

PARA GBP/USD performed on 4-hour chart and consolidation under the correction level of 50.0% — 1,2819. In the end the drop in prices continues towards the next level 38.2% — 1,2765. 24 Aug brewing a bullish divergence of MACD indicator: the last low quotes below the previous and similar low indicator may be higher than the previous one. Bullish divergence will allow traders to expect a reversal in favor of the English currency and some growth towards the correctional level of 61.8% — 1,2872.

End call quotations from the level of correction of 38.2% similar work in favor of the early growth of the pair.

Daily

GBP/USD on a 24-hour chart continues the process of falling towards the level of Fibo 200,0% — 1,2653. We see a new bullish divergence of MACD indicator: recent low of quotes may be higher than the previous one, and lo indicator is about the same level. Bullish divergence will allow traders to expect a reversal in favor of the currency of England and some growth towards the correctional level of 161.8% — 1,3105. End call quotations from the level of Fibo 200,0% will likewise allow you to expect the beginning of growth. The consolidation of the rate pairs under the level of Fibo 200,0% will increase the chances of further drop towards the next level of correction 261.8% — 1,1925.

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