empty
 
 
13.08.2015 01:33 PM
Technical analysis of GBP/USD for August 13, 2015
This image is no longer relevant

Overview:

  • According to the previous events, the GBP/USD pair is still moving between 1.557 and 1.5660. Additionally, the minor support is going to set at the level of 1.5557. Moreover, the level of 1.5522 is representing the weekly pivot point. The resistance will be set at the price of 1.5689 and the double top is set at the same price too. Therefore, sell at the price of 1.5689 with the first target at 1.5640, then it will be gone towards 1.5566 in order to test the weekly support 1. On the other hand, if the trend fails to close below the weekly support 1 (1.5566 ), buy above 1.5566 with target at the price of 1.5732 this week.

Technical Levels:

  • Projected high: 1.5732.
  • Strong resistance (sell limit): 1.5689.
  • Current pivot: 1.5598.
  • Strong support (buy limit): 1.5566.
  • Projected low: 1.5520.

Observations:

  • If the trend is of an upside character, then the strength of the currency will be defined as following: GBP is in an uptrend and USD is in a downtrend.
  • Please check out the market volatility before investing because the sight price may have already been reached and scenarios might have become invalidated.
  • Stop Loss should never exceed your maximum exposure amounts.
  • As a rule, the market is highly volatile if the last day had a huge volatility.
Summary
Urgency
Analytic
Mourad El Keddani
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