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GBP/USD Technical Analysis For 23rnd September 2015, H1

GBP/USD Technical Analysis For 23rnd September 2015, H1 | 23 September 2015

23 September 2015, GBP/USD

Technical View:
GBP/USD is currently trading with a bearish Bias. The pair successfully crossed and closed below the support trend line and is currently trading below it. We are waiting for a clear breakout below 1.5328 before short positions can fully be recommended other we are long but only up to the now resistance trend line. Traders trading this pair should observe other pairs such as GBP/JPY for strong positive correlation and USD/CAD for strong negative correlation.

Trade Recommendations:

Sell bellow wave (c)(1.5328. or in case of a clear bounce, then buy but only up to the resistance trend line.

Bob Stan
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