Forex4you - Analytics

    Forex4you

    565.50 6.50/10
    60% of positive reviews
    Real

    Technical analysis for the GBPUSD on 10.11.2015

    The GBPUSD has corrected towards 1.5105 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 140 pips Max. 1.5245
    Min. 1.5000

    gbpusd1

    The British pound has been correcting up from 1.5025 support for two days. Bulls managed to push the price into the range of strong 1.5105 resistance.

    Short-term breakout of 1.5106 resistance may allow bulls to correct the price even higher – to another strong resistance at 1.5165.

    The longer the price consolidates between strong resistance levels of 1.5105 – 1.5165, the bigger is the possibility of the rebound down and continuation of the medium-term bearish trend.

    Alternative scenario:  

    Correction up will continue if price breaks resistance at 1.5165. The breakout will open the way to the final correction target – level 1.5245.

     

    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 has corrected towards 1.5105 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 140 pips Max. 1.5245
    Min. 1.5000

    gbpusd1

    The British pound has been correcting up from 1.5025 support for two days. Bulls managed to push the price into the range of strong 1.5105 resistance.

    Short-term breakout of 1.5106 resistance may allow bulls to correct the price even higher – to another strong resistance at 1.5165.

    The longer the price consolidates between strong resistance levels of 1.5105 – 1.5165, the bigger is the possibility of the rebound down and continuation of the medium-term bearish trend.

    Alternative scenario:  

    Correction up will continue if price breaks resistance at 1.5165. The breakout will open the way to the final correction target – level 1.5245.

     

    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