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    Technical analysis for the GBPUSD on 13.05.2015

    The GBPUSD: ahead of the news

    Direction Period Expected price movement Price movement corridor
    ↓↑ 2 days ≈ 220 pips Max. 1.5800

    Min. 1.5465

    gbpusd8

    The uptrend has paused below the intermediate resistance of 1.5685. The price approached this barrier at low volumes.

    Volume divergence is a sign of weakening bullish strength. Ahead of the news, however, the price can go either way.

    11.30 — average earnings and unemployment data
    12.30 – BoE Governor Mark Carney speech and inflationary report

    If bulls manage to break and hold above the resistance amid this high impact news, growth will continue.

    Alternative scenario: the breakout of 1.5600 support will be a signal for the correction down to the next target at 1.5465.

    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: ahead of the news

    Direction Period Expected price movement Price movement corridor
    ↓↑ 2 days ≈ 220 pips Max. 1.5800

    Min. 1.5465

    gbpusd8

    The uptrend has paused below the intermediate resistance of 1.5685. The price approached this barrier at low volumes.

    Volume divergence is a sign of weakening bullish strength. Ahead of the news, however, the price can go either way.

    11.30 — average earnings and unemployment data
    12.30 – BoE Governor Mark Carney speech and inflationary report

    If bulls manage to break and hold above the resistance amid this high impact news, growth will continue.

    Alternative scenario: the breakout of 1.5600 support will be a signal for the correction down to the next target at 1.5465.

    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!


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