empty
 
 
17.12.2014 06:23 AM
Daily analysis of GBP/USD for December 17, 2014

The GBP/USD pair had a bullish rally above the support level of 1.5698. This pair still finds resistance at the 200-day moving average on the H4 chart. If the GBP/USD pair manages to make a breakout at the level of 1.5825, it is expected to rise to the level of 1.5874 in the short term, although the GBP/USD could fall back below the 1.5698 level.

H4 chart's resistance levels: 1.5825 / 1.5874

H4chart's support levels: 1.5698 / 1.5589

This image is no longer relevant

On the H1 chart, the GBP/USD pair is trying to consolidate above the level of 1.5739, but this pair has found strong resistance in that area. So, the GBP/USD pair is likely to fall to the support level of 1.5686, where the 200-day moving average is located. If GBP/USD manages to make a breakout at that level, the next target would be the 1.5632 level. The MACD indicator remains in 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 1.5740.

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