InstaForex - Analytics


    699.25 6.25/10
    61% of positive reviews

    Daily analysis of GBP/USD for March 28, 2016 2016-03-27

    GBP/USD seems to have found strong support around the 1.4059, where it is showing a possible double bottom pattern in higher timeframes. The resistance zone of 1.4151 is still pushing lower to the pair and maybe we can see a breakout higher towards the psychological level of 1.4200, in an effort to correct the recent declines.


    Show full picture

    H1 chart's resistance levels: 1.4151 / 1.4200

    H1 chart's support levels: 1.4093 / 1.4056

    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 1.4151, take profit is at 1.4200 and stop loss is at 1.4100.

    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