empty
 
 
27.11.2014 12:24 PM
Technical analysis of GBP/USD for November 27, 2014
This image is no longer relevant

Overview:

  • The price of GBP/USD pair is going to move with the bullish bias from the level of 1.5666 which represents the weekly pivot point. Additionally, the price of 1.5666 coincides with the double bottom and the ratio of 23.6% Fibonacci retracement levels in H1 chart. Accordingly, it will be a good sign to buy above 1.5666 with the first target of 1.5764 to test a minor resistance at this price and it should be noted that the price of 1.5800 represents strong resistance. Also, it will call for an uptrend in order to continue its bullish movement towards 1.5825. Equally important, the resistance will set at the 1.5825 level. So, it will very useful to take profit at this spot. At the same time, the stop loss should be placed below the double bottom at the price of 1.5633. Furthermore, it should be noted that the range today will be moved between the levels of 1.5732-1.5825.

Intraday technical levels:

Date: 27/11/2014

Pair: GBP/USD

  • R3: 1.5965
  • R2: 1.5885
  • R1: 1.5838
  • PP: 1.5758
  • S1: 1.5711
  • S2: 1.5631
  • S3: 1.5584
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