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    Daily analysis of GBP/USD for April 27, 2015

    In the daily chart, GBP/USD is tying to reach the resistance zone around 1.5238 in the near term. The bearish force seems getting stronger at the current levels and eventually we could see a break of the support level at 1.5125. In this case, GBP/USD is likely to test the 1.4976 level in the medium term. It should be noted that the 200 SMA is turning flat.

    GBPUSDDaily.png

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    GBP/USD is moving in favor of a pullback towards 1.5185, as the pair is trying to reach the support at 1.5096. The short-term outlook could be bearish, but this would be invalidated by the breakout of the resistance zone around 1.5161, because GBP/USD will rise until the 1.5245 level. The MACD is at negative territory.

    GBPUSDH1.png

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    Daily chart's resistance levels: 1.5125 / 1.5238Dailychart's support levels: 1.4976 / 1.4820H1 chart's resistance levels: 1.5161 / 1.5245H1 chart's support levels: 1.5096 / 1.5025

    Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.5161, take profit is at 1.5245, and stop loss is at 1.5082.

    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
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