GBPUSD intraday technical analysis - 19/10/2018

GBPUSD

1.30247 / 1.30255

SUMMARY

Down

TREND

Sideway

SENTIMENT

Bullish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: Instrument remains under the bearish pressure on the bigger picture, however we see potential to overcome our resistive barrier at 1.3044 (R1) later on today. Clearance here would suggest next intraday targets at 1.3085 (R2) and 1.3128 (R3) in potential.
Downwards scenario: Next support level is seen at 1.3010 (S1). Break here is required to clear the way towards to next target at 1.2970 (S2). Final support for today is seen at 1.2930 (S3).

Resistance levels: 1.3044, 1.3085, 1.3128

Support levels: 1.3010, 1.2970, 1.2930