InstaForex - Analytics


    699.25 6.25/10
    62% of positive reviews

    Daily analysis of GBP/USD for March 15, 2016 2016-03-15

    GBP/USD seems to be trading inside a corrective move towards the support level of 1.4267, where a rebound should happen to resume the bullish bias. The H1 chart is still pointing to the upside and the pair can perform a breakout above the level of 1.4396, in order to reach new highs. The MACD indicator is entering oversold territories, so it is highly possible to see further rebounds.


    Show full picture

    H1 chart's resistance levels: 1.4333 / 1.4396

    H1 chart's support levels: 1.4267 / 1.4190

    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 seen at 1.4333, take profit is at 1.4396 and stop loss is at 1.4271.

    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