Immediate resistance lays at 1.5319 while support rests at 1.5274.
Chart: GBPUSD H1
Monday, October 12, 2015
GBPUSD Bullish
Bullish sentiment remains strong with the GBPUSD pair amid worse-than-expected Trade Balance Figures. The Cable is still trying to break away from the 1.53 major level. Traders and investors acted strongly on the limited dips at 1.53 as an anticipated target, represented by the 20-SMA, weekly and monthly pivot points.
Immediate resistance lays at 1.5319 while support rests at 1.5274.
Chart: GBPUSD H1
Immediate resistance lays at 1.5319 while support rests at 1.5274.
Chart: GBPUSD H1
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It looks like it has found some resistance at 1.5370.
ReplyDeleteExcellent analysis. thank you for sharing.
ReplyDeleteInteresting point of view, thanks!
ReplyDeleteStronng upward move!
ReplyDeleteThe trend seems to be losing strength.
ReplyDeleteIt seems we will have a bearish impulse candle for today.
ReplyDeleteGbp/Usd sees more than 150 pips loss.
ReplyDeleteLet’s see how low it keeps going.
ReplyDelete