Forex4you - Analytics

    Forex4you

    550.75 6.50/10
    60% of positive reviews
    Real

    Technical analysis for the GBPUSD on 10.07.2015

    The GBPUSD is consolidating below 1.5430 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.5540

    Min. 1.5250

    gbpusd7

    Having breached 1.5430 support, the price consolidated. Level 1.5430 is now acting as resistance, which test, in a short-run, may trigger continuation of the downtrend.

    The re-test of 1.5430 will be most likely followed by consolidation and the rebound to the next closest support at 1.5325.

    If bears manage to pass the 1.5325 mark, the next decline targets will be found at 1.5300, 1.5200, 1.5175.

    Alternative scenario: the breakout of descending trend line at 1.5485 will allow the bulls to correct the price towards 1.5540.

    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 consolidating below 1.5430 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.5540

    Min. 1.5250

    gbpusd7

    Having breached 1.5430 support, the price consolidated. Level 1.5430 is now acting as resistance, which test, in a short-run, may trigger continuation of the downtrend.

    The re-test of 1.5430 will be most likely followed by consolidation and the rebound to the next closest support at 1.5325.

    If bears manage to pass the 1.5325 mark, the next decline targets will be found at 1.5300, 1.5200, 1.5175.

    Alternative scenario: the breakout of descending trend line at 1.5485 will allow the bulls to correct the price towards 1.5540.

    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