Forex4you - Analytics

Forex4you

514.75 7.25/10
57% of positive reviews
Real

Technical analysis for the GBPUSD on 11.11.2015

The GBPUSD is correcting ahead of high impact news.

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 170 pips Max. 1.5280
Min. 1.5000

gbpusd2

 

The British pound is correcting against the US dollar for the third day in a row. Correction was followed by the breakouts of strong resistance levels at 1.5105, 1.5165.

Trading volumes form strong divergence, suggesting growing bullish weakness. However, the breakout of the 1.5165 mark may allow bulls to push the price higher to 1.5245.

Significant fundamental news will be released in the UK today (Average earnings, Employment Change, Unemployment rate, BoE Governor Carney’s speech).

Medium-term trend is turned down, so there’s quite a possibility of further decline after the publication. Potential decline targets are situated at 1.5105, 1.5025.

Alternative scenario:

Further correction up to test the upper border of the descending channel at 1.5280. As long as trading keeps within the channel, dominating bearish potential preserves.

 

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

The GBPUSD is correcting ahead of high impact news.

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 170 pips Max. 1.5280
Min. 1.5000

gbpusd2

 

The British pound is correcting against the US dollar for the third day in a row. Correction was followed by the breakouts of strong resistance levels at 1.5105, 1.5165.

Trading volumes form strong divergence, suggesting growing bullish weakness. However, the breakout of the 1.5165 mark may allow bulls to push the price higher to 1.5245.

Significant fundamental news will be released in the UK today (Average earnings, Employment Change, Unemployment rate, BoE Governor Carney’s speech).

Medium-term trend is turned down, so there’s quite a possibility of further decline after the publication. Potential decline targets are situated at 1.5105, 1.5025.

Alternative scenario:

Further correction up to test the upper border of the descending channel at 1.5280. As long as trading keeps within the channel, dominating bearish potential preserves.

 

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

The British pound is correcting against the US dollar for the third day in a row. Correction was followed by the breakouts of strong resistance levels at 1.5105, 1.5165.

Trading volumes form strong divergence, suggesting growing bullish weakness. However, the breakout of the 1.5165 mark may allow bulls to push the price higher to 1.5245.

Significant fundamental news will be released in the UK today (Average earnings, Employment Change, Unemployment rate, BoE Governor Carney’s speech).

Medium-term trend is turned down, so there’s quite a possibility of further decline after the publication. Potential decline targets are situated at 1.5105, 1.5025.

Alternative scenario:

Further correction up to test the upper border of the descending channel at 1.5280. As long as trading keeps within the channel, dominating bearish potential preserves.

 

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

The British pound is correcting against the US dollar for the third day in a row. Correction was followed by the breakouts of strong resistance levels at 1.5105, 1.5165.

Trading volumes form strong divergence, suggesting growing bullish weakness. However, the breakout of the 1.5165 mark may allow bulls to push the price higher to 1.5245.

Significant fundamental news will be released in the UK today (Average earnings, Employment Change, Unemployment rate, BoE Governor Carney’s speech).

Medium-term trend is turned down, so there’s quite a possibility of further decline after the publication. Potential decline targets are situated at 1.5105, 1.5025.

Alternative scenario:

Further correction up to test the upper border of the descending channel at 1.5280. As long as trading keeps within the channel, dominating bearish potential preserves.

 

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