Technical analysis – GBP Rally ends?

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In this report, we will present the best trades expected for major pairs including XAU USD, Dow Jones, GBP USD, EURUSD, AUD USD and WTI Oil for today.

Gold XAU USD

If the pair holds above 1459.00, the pair will continue to climb and it is better to wait for a minor correction and then go long on the pair.

  • Resistance points 1558 – 1600
  • Support Points 1483 – 1475

The XAU USD metal chart on the 30-minute time frame

2019 10 17 GOLD - GBP

Dow Jones

If the index holds below the top at 27360, the index will continue to fall and it is better to wait for a minor correction and then go short on the index.

  • Resistance points 26890 – 27070
  • Support Points 25850 – 25390

The Dow Jones Chart on the time frame is 30 minutes

2019 10 17 US30 - GBP

EUR / USD

Should the pair hold above 1.0880, the pair will continue to climb and it is better to wait for a minor correction and then go long on the pair.

  • Resistance points 1.1163 – 1.1252
  • Support Points 1.0880 – 1.0575

The EUR / USD chart on the 30-minute time frame

2019 10 17 EURUSD - GBP

The GBP / USD pair

If the pair holds above 1.2204, the pair will continue to climb and it is better to wait for a minor correction and then go long on the pair.

  • Resistance points 1.2309 – 1.2175
  • Support Points 1.2204 – 1.1750

GBP / USD Chart on the 30-minute time frame

2019 10 17 GBPUSD

USDJPY

In case of stability below 109.35, the pair will continue to fall and it is better to wait for a minor correction and then go short.

  • Resistance points 108.50 – 109.35
  • Support Points 104.43 – 105.05

The USD / JPY chart on the 30-minute time frame

2019 10 17 USDJPY

AUD / USD

Should the pair hold above 0.6670, the pair will continue to climb and it is better to wait for a minor correction and then go long on the pair.

  • Resistance points 0.6796 – 0.6867
  • Support Points 0.6670 – 0.6520

The AUD / USD chart on the time frame is 30 minutes

2019 10 17 AUDUSD

WTI Oil

In case of stability below 53.15, the pair will continue to fall and it is better to wait for a minor correction and then go short.

  • Resistance points 60.83 – 58.74
  • Support Points 53.10 – 50.50

The WTI Oil Chart on the 30-minute time frame

2019 10 17 WTI

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Hassan Hadaoui
Hassan Hadaoui
Writer and Economist
BC XTB

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