empty
 
 
20.04.2012 10:17 AM
GBP/CHF Remains on the Edge

On the daily chart, we are still watching a bullish pattern formation, as the GBP/USD pair is trying to make a breakout at the resistance level of 1.5247, but it appears that level seems to be much stronger and no easy to break it. Anyway, in the very near term, we could expect more bullish moves at least until the resistance zone of 1.5491, but on the whole, the GBP/USD pair is bearish.

This image is no longer relevant

The 200 SMA on the H1 chart is still acting as dynamic support on the GBP/USD pair. In the first hours of Thursday's session, the pair is forming some kind of bullish pattern in order to do a breakout at the resistance level of 1.5249. If successful, it's expected to rise until the upside target at the level of 1.5302, where a 1:1 trade could take place.

This image is no longer relevant

Daily chart's resistance levels: 1.5247 / 1.5491

Dailychart's support levels: 1.5025 / 1.4841

H1 chart's resistance levels: 1.5249 / 1.5302

H1 chart's support levels: 1.5210 / 1.5166


Trading recommendations for today: Based on the H1 chart, place long (buy) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.5249, take profit is at 1.5302, and stop loss is at 1.5196.

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback