GBP/USD Technical Analysis (British Pound / US Dollar) - Forex
International Business Times
  • Rate this Story
  • 0
  • 0

February 5, 2013 12:59 AM EST

Forextribe
Updated the:
02/04/2013
GBP/USD : Downtrend triggered

Sentiment :
sentiment sur la parité AUD/USD
1,5895
sentiment sur la parité AUD/USD
1,5815
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair GBP/USD resumed its downtrend on Friday. The sell signal was given to us by the break of 1.5828. Currently, the price is moving just below the daily support at 1.5730. During the week, further bearish movement is expected.

>We recommend to trade only short positions as far as 1.5815 is resistance. This level is significant resistance in h1 (red dotted line on the h1 chart). The break of 1.57 will give a new sell signal and should allow the price to extend its downward movement to 1.56 and 1.55 in extension.

In case of return above 1.5815, we will be neutral between this level and 1.5895.
Full analysis

Analysis published by Bruno, the 02/04/2013 at 09h30 GMT+2

- Complete sheet of the pair GBP/USD - Previous GBP/USD Analysis -
Chart of the pair GBP/USD - Timeframe 1H
GBP/USD Technical Analysis
Chart of the pair GBP/USD - Timeframe 4H
GBP/USD Technical Analysis
  • Rate this Story
  • 0
  • 0
For more reports, go to Forextribe

Join the Conversation

IBTimes TV



E-Newsletters

We value your privacy. Your email address will not be shared.