Forex4you - Analytics

    Forex4you

    579.00 6.50/10
    60% of positive reviews
    Real

    Technical analysis for the GBPUSD on 22.04.2015

    The GBPUSD is trading below tough resistance of 1.4965

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 210 pips Max. 1.5130

    Min. 1.4810

    gbpusd15

    Today the price is expected to test strong resistance at 1.4965 for the fifth time. The level was breached up last week, but the bulls failed to hold above the barrier then.

    The level will be tested during the release of fundamental data in the UK at 11.30 (Monetary policy committee meeting minutes).

    If bulls manage to break above the 1.4965 resistance amid the news, we’ll be expecting continuation of the uptrend with growth targets at 1.5035, 1.5130.

    Alternative scenario: it’s worth noting that level 1.4965 is a significant barrier where from the price may bounce down.

    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 trading below tough resistance of 1.4965

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 210 pips Max. 1.5130

    Min. 1.4810

    gbpusd15

    Today the price is expected to test strong resistance at 1.4965 for the fifth time. The level was breached up last week, but the bulls failed to hold above the barrier then.

    The level will be tested during the release of fundamental data in the UK at 11.30 (Monetary policy committee meeting minutes).

    If bulls manage to break above the 1.4965 resistance amid the news, we’ll be expecting continuation of the uptrend with growth targets at 1.5035, 1.5130.

    Alternative scenario: it’s worth noting that level 1.4965 is a significant barrier where from the price may bounce down.

    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 or Join us


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