empty
 
 
19.02.2014 01:35 AM
Daily analysis of GBP/USD for February 19, 2014

Daily chart: GBP/USD has fallen to the support level of 1.6663 and this is part of the corrective movements for bullish bias on this pair, since the GBP/USD is overbought in this chart. However, if this pair makes a breakout at the support level, it is expected to fall to the level of 1.6540, which would jeopardize the bullish bias. On the other hand, it is very likely that this pair make a bullish rebound at current levels and up to the level of 1.6766. The MACD indicator is in positive territory.

This image is no longer relevant

H4 chart: This pair has found support at the bullish trend line near the 1.6682 level. If this pair takes a bullish rebound above that level, would be expected to rise to the resistance level of 1.6820. On the other hand, a breakout at the support level of 1.6667, GBP/USD could lead to fall to the level of 1.6644. The MACD indicator remains in negative territory and the pair remains above the 200 SMA.

This image is no longer relevant

H1 chart: GBP/USD is moving through the middle point of control near the psychological level of 1.6700. If the pair manages to consolidate above this level, it would be expected to rise to the resistance level of 1.6750. Furthermore, if the weakness continues in the GBP/USD, it's very likely that this pair will drop to the support level of 1.6629. The MACD indicator is entering neutral territory.

This image is no longer relevant

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 1.6700, take profit is at 1.6750, and stop loss is at 1.6650.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback