empty
 
 
19.09.2014 12:07 PM
Technical analysis of GBP/USD for September 19 2014

This image is no longer relevant

Trading recommendations:

  • The resistance of the GBP/USD pair has already set at 1.6520 and a minor resistance place at the level of 1.6400.
  • Furthermore, it will be quite profitable to sell below this level (1.6400) for retesting this level in the long term.
  • Therefore, sell deals are recommended below 1.6400 with targets at 1.6333 (the level of 1.6333 represents the last opining gap) and resume towards the level of1.6278 to reach a strong support on 19th of September 2014.
  • On the contrary, the support is going to set at the level of 1.6278 today.
  • Consequently, the ascending movement will probably be higher than the 1.6278 level with the target at the key price 1.6360.
This image is no longer relevant

Notes:

  • We expect a new range about 85 pips today. The key level will set at the level of 1.6360.
  • The support of the GBP/USD pair has already set at 1.6278. Moreover, the weekly support 1 will set at the same level.
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In April we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback