empty
 
 
19.05.2014 06:15 AM
Forecast of GBP/USD for May 19, 2014

The cable has been in a corrective phase for the last weeks. It has taken support at the lower band of the trading range. This week the pair opened on a bullish note. The last week's low will be very crucial in coming trading sessions. It has support at the 50.0 fib level and 50-day SMA in the daily chart. On the down side, once the pair breaks the 1.673 levels, it will drift up to 1.666 levels immediately, and later the 1.655 levels are an open downside target. On the upside, 1.6870 and 1.69 are pullback levels.

Weekly key support level is at 1.670 on a closing basis. Resistance is at 1.69 levels.

Weekly trading activity is set between 1.673 and 1.688.

This image is no longer relevant

In Asia's trading session, the pair is trading at 1.6823 levels. It opened on a bullish note, expecting to face strong resistance zone at 1.6831-1.6840 levels. Safe traders can buy only above 1.6840 levels for 1.69 levels. On the down side, the pair has strong support at 1.6810 levels. In case of a break below this, the pair looks weak and selling pressure will take the pair towards the 1.6732 and 1.6720 levels.

This image is no longer relevant

Intraday-

The pair is trying to cross the previous high at 1.6831 levels. The hourly trading pattern has been fixed between 1.6831-1.6810 levels. Once it breaks the downside support, it will fall to 1.6795, 1.6785, 1.6775, and 1.673 levels; on the upside, if the pair trades above the 1.6832, it will fly up to 1.6862, 1.6874, 1.6890 and 1.6906 levels.

This image is no longer relevant
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 $1000 más!
    ¡En Junio, sorteamos $1000 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
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 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