Technical analysis prediction for the 1st of October 2018

Instrument ; Gbp usd

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position ; short position

price prediction , 1.2570


weekly chart



Daily chart


Gbp usd mkt trend is strongly bearish bias and technical view on the weekly chart indicate likely continuation downtrend as long term outlook remains bearish biased, Ema signal is downtrend, Rsi (29.11), Macd signal is downtrend while on the daily chart view, the currency pair remain biased downtrend and in coming months i expect further continuation downtrend towards 1.2570 level , Ema signal is downtrend, Rsi (25.02), Macd signal is downtrend and prediction for the 1st of October 2018 is 1.2570
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