InstaForex - Analytics


    699.25 6.25/10
    61% of positive reviews

    Daily analysis of GBP/USD for February 18, 2015

    It seems that the GBP/USD pair is having lack of bullish momentum on the daily chart, because during yesterday's session, the pair traded in favor of the bearish bias and still has not reached the resistance level of 1.5491, which is the closest upside target. Besides, the GBP/USD pair formed a fractal next to that resistance zone and we should be cautious with more falls on this pair.


    Show full picture
    As we can see it on the H1 chart, the support level of 1.5348 remains very solid. Eventually, the GBP/USD pair could find strong support and try to rise to the resistance level of 1.5378. On the other side, we have a 200 SMA that is very close to the current price of the GBP/USD pair. This zone could offer strong dynamic support in the coming hours or days.

    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: 1.5378 / 1.5413 H1 chart's support levels: 1.5348 / 1.5301

    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 1.5378, take profit is at 1.5413, and stop loss is at 1.5297.

    Felipe Erazo neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door 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