InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Daily analysis of GBP/USD for February 13, 2015

    Another bullish day for the GBP/USD pair during the session on Thursday, where the pair was trying to ride on the way for reach the resistance level of 1.5491. The above-mentioned was done thanks to a completed formation of a bullish pattern above the support level of 1.5247. We could expect a more bullish rally towards the resistance level of 1.5491.

    GBPUSDDaily.png

    Show full picture
    Currently, the GBP/USD pair is forming a higher high pattern above the support level of 1.5378 with a solid resistance located at the level of 1.5413. Now, we want to see more bullish momentum on this pair in an intraday outlook, but remember that the MACD indicator is showing us overbought levels. The 200 SMA is also bullish.
    GBPUSDH1.png

    Show full picture
    Daily chart's resistance levels: 1.5491 / 1.5761 Dailychart's support levels: 1.5247 / 1.5025 H1 chart's resistance levels: 1.5413 / 1.5526 H1 chart's support levels: 1.5378 / 1.5348

    Trading recommendations for today: Based on the H1 chart, place long (buy) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.5413, take profit is at 1.5526, and stop loss is at 1.5297.

    Felipe Erazo neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
    InstaForex Group © 2007-2015

    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