Forex4you - Analytics

Forex4you

514.75 7.00/10
57% of positive reviews
Real

Technical analysis for the GBPUSD on 19.06.2015

The GBPUSD is correcting into the range of strong support at 1.5930

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 140 pips Max. 1.6000

Min. 1.5740

gbpusd14

The uptrend in the British pound has temporally halted at 1.5930 resistance, which is crossed by the upper border of the ascending channel.

The test of the 1.5930 mark triggered correction down with the target at  strong support of 1.5815. Level 1.5815 is the last month’s high.

Trading volumes are low. After the 1.5815 support test the price has all chances to bounce up. Potential growth targets will be situated at 1.5930, 1.6000.

Alternative scenario: long consolidation above strong support of 1.5815 is probable.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

The GBPUSD is correcting into the range of strong support at 1.5930

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 140 pips Max. 1.6000

Min. 1.5740

gbpusd14

The uptrend in the British pound has temporally halted at 1.5930 resistance, which is crossed by the upper border of the ascending channel.

The test of the 1.5930 mark triggered correction down with the target at  strong support of 1.5815. Level 1.5815 is the last month’s high.

Trading volumes are low. After the 1.5815 support test the price has all chances to bounce up. Potential growth targets will be situated at 1.5930, 1.6000.

Alternative scenario: long consolidation above strong support of 1.5815 is probable.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree