InstaForex - Analytics

    InstaForex

    699.25 6.25/10
    62% of positive reviews
    Real

    Daily analysis of GBP/USD for March 26, 2015

    There is the bullish momentum in the current bias on the daily chart because the GBP/USD pair is trying to perform a breakout at the resistance level of 1.4948 in order to reach the zone of 1.5087. Currently, our odds are in favor of the overall bearish trend because the current structure is showing us that the 200 SMA is bearish.

    GBPUSDDaily.png

    Show full picture

    Now, on the H1 chart, GBP/USD is finding resistance at the level of 1.4984 after being trapped in a low-range zone in the half of the 200 SMA. Anyway, the pair is currently unable to trade in an intraday basis because GBP/USD could perform deeper pull backs to the support level of 1.4842 and later perform some kind of rebound.

    1427364485_GBPUSDH1.png

    Show full picture

    Daily chart's resistance levels: 1.4948 / 1.5087Dailychart's support levels: 1.4820 / 1.4649H1 chart's resistance levels: 1.4984 / 1.5022H1 chart's support levels: 1.4921 / 1.4842

    Trading recommendations for today: Based on the H1 chart, place short (sell) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.4921, take profit is at 1.4842, and stop loss is at 1.5001.

    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