Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

GBPUSD Technical Analysis For 22nd October 2015

22 October 2015, GBP/USD

GBPUSD Technical Analysis For 22nd October 2015

Technical View:

GBPUSD is currently trading with a bearish bias. The pair bounced off from a significant key resistant level 1.5495 and is currently even trading below another significant level 1.5428, as long as the pair trades below this level, further short positions will be ideal for trading trading, This downward movement is further anticipated since another positively correlated pair, EUR/JPY is strong headed short, We look to buy this pair at 1.5350, when the current downward movement in EUR ends.
Trade Recommendations:
As long as the pair trades below, 1.5428, short positions will be ideal for trading but with stops at 1.5386, and the next stop at 1.53177.
Graham Osano
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.