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GBP/USD Technical Analysis For 30th September 2015, H4

GBP/USD Technical Analysis For 30th September 2015, H4 | 30 September 2015

30 September 2015, GBP/USD

GBP/USD Technical Analysis For 30th September 2015, H4
Technical View:
GBP/USD is currently trading with a slight Bullish Bias. The pair tested the key pivot level 1.5161 and is currently trading just above it. As long as the pair trades abov3e this level, long positions are ideal for trading, alternatively. should the price move and close below 1.5134 then short positions will be ideal for trading. Traders trading this pair should observe other pairs such as GBP/JPY and GBP/HKD for strong positive correlation. Thus only buy or sell the pait if the other positively correlated pairs are giving the same signal.

Trade Recommendation:

As long as the pair trades abov3e this level, long positions are ideal for trading, alternatively. should the price move and close below 1.5134 then short positions will be ideal for trading

Bob Stan
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