empty
 
 
22.01.2015 04:27 AM
Technical Analysis of GBP/USD for January 22, 2015

The pound fell against the USD after the release of the UK economic report. The UK's unemployment rate in December was 5.8%, lower than in the period since June to August 2014 (6.0%) and lower than a year earlier (7.1%). The British workers' labour pay grew faster than inflation in November. Today, the focus has shifted to the US unemployment data. The cable has been trading in a range between 1.5000 and 1.5275. The pair has the nearest strong resistance at 1.5265 and 20Dsma. Until the pair closes above 20Dsma, use every rise to sell. The pair has intraday resistance at 1.5165 and 1.5200. The panic will be triggered below 1.5000 towards 1.4830 and 1.4800. The hourly resistance exists at 1.5165, 1.5180, and 1.5200. The supports exists at 1.5125, 1.5100, and 1.5059.

This image is no longer relevant
InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
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 $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

Recommended Stories

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