Forex4you - Analytics

    Forex4you

    551.50 6.50/10
    60% of positive reviews
    Real

    Technical analysis for the GBPUSD on 13.10.2015

    The GBPUSD: the uptrend has halted at 1.5380 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 1.5480
    Min. 1.5200

    gbpusd2

    The British pound has been attempting to break above 1.5380 resistance for the third consecutive day. The price approached this barrier at low volumes, which suggets weakening bullish trend.

    The price has already escaped from the ascending channel and broken strong support at 1.5325. The breakouts indicate continuation of the medium-term downtrend.

    Consumer price index will be released today. Amid the news the price is expected to test resistance at 1.5325. If the test fails, the price will bounce down to 1.5325 support.

    Alternative scenario:  

    gbpusd11

    To continue the uptrend, bulls will have to break above the last week’s high at 1.5380 resistance. The breakout, if takes place, will open the way to the descending trend line at 1.5480.

     

    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: the uptrend has halted at 1.5380 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 1.5480
    Min. 1.5200

    gbpusd2

    The British pound has been attempting to break above 1.5380 resistance for the third consecutive day. The price approached this barrier at low volumes, which suggets weakening bullish trend.

    The price has already escaped from the ascending channel and broken strong support at 1.5325. The breakouts indicate continuation of the medium-term downtrend.

    Consumer price index will be released today. Amid the news the price is expected to test resistance at 1.5325. If the test fails, the price will bounce down to 1.5325 support.

    Alternative scenario:  

    gbpusd11

    To continue the uptrend, bulls will have to break above the last week’s high at 1.5380 resistance. The breakout, if takes place, will open the way to the descending trend line at 1.5480.

     

    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 or Join us


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