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GBP/USD Technical Analysis For 24th September 2015, H1

24 September 2015, GBP/USD

Technical View:
GBP/USD is currently trading with a bullish bias. The pair traded with a strong bearish bias for the better part of yesterday, but is currently slightly bullish. We are waiting for a clear break out above 1.5296 for a green light to continue long,otherwise short positions are ideal. Traders trading this pair should observe other pair such as GBP/JPY, and and GBP/HKD for strong positive correlation. Only buy or sell GBP/USD if all the other positively correlated pairs are showing the same signal.

Trade Recommendations:

Buy above 1.5296 with stops at 1.5375, and the next stop at 1.5457. Sell below 1.5214

Graham Osano
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