empty
 
 
09.04.2012 10:44 AM
GBP/USD Intraday Technical Analysis

This image is no longer relevant
 

The spot rate is presently testing the intermediate resistance of its medium term bullish channel in 1.5920 and is liklely to decline. However, a breakdown of these levels will enable to reach its upper limit in the point 1.6070.

Technical indicators do not provide clear signals but as the resistance remains unbroken, the assumption of a decline is relevant. Bollinger bands are much discarded as a result of the strong decline of these days. The situation is expected to stabilize in the nearest future.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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
  • 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