empty
 
 
27.10.2015 12:49 AM
Daily analysis of GBP/USD for October 27, 2015

In the short term, a bullish move is expected above the support level of 1.5309 and a test of the 200 SMA in the H1 chart. When the GBP/USD pair tries to perfom a consolidation above the moving average. It is possible to see a rally towards the psychological level of 1.5500. In another scenario, a pullback at the current stage will push the cable lower until the support zone of 1.5306. The MACD indicator is entering the neutral territory.

This image is no longer relevant

H1 chart's resistance levels: 1.5374 / 1.5412

H1 chart's support levels: 1.5339 / 1.5306

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.5374, take profit is at 1.5412, and stop loss is at 1.5337.

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 $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