empty
 
 
21.11.2014 01:48 AM
Daily analysis of GBP/USD for November 21, 2014

The GBP/USD pair remains above the support level of 1.5642, where this pair made a rebound. So, this pair is likely to go up to the resistance level of 1.5746. However, it should be emphasized that the GBP/USD pair is forming a bearish pattern. In case of a breakout at the level of 1.5643, this pair will probably touch the support level of 1.5506. Now, the GBP/USD pair remains below the 200 SMAin the daily chart.

Dailychart's resistance levels: 1.5746 / 1.5883

Dailychart's support levels: 1.5642 / 1.5506

This image is no longer relevant

On the H1 chart, the GBP/USD pair made a pullback to the 200-day moving average. As the pair has consolidated above the support level of 1.5686, a bullish consolidation above the resistance level of 1.5739 could endanger the overall current bearish trend in GBP/USD, at least in the medium term. The MACD indicator is moving into the negative territory.

H1 chart's resistance levels: 1.5739 / 1.5810

H1 chart's support levels: 1.5686 / 1.5632

This image is no longer relevant

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5686, take profit is at 1.5632, and stop loss is at 1.5739.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback