GBP/USD Technical Analysis For 17Th September 2015, H4 | 17 سبتمبر 2015
17 سبتمبر 2015, GBP/USD
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Technical View:
GBP/USD is currently trading with a Bullish bias. The pair is currently trading above a key level 1.5441. it is anticipated that, as long as the pair trades above this key level, GBP will likely trade in the higher ranges, but with a stop at the resitance trendline just above it.
Traders trading this pair should observe other positively correlated pairs such as GBP/JPY, GBP/CAD, GBP/HKD, GBP/AUD, AUD/CAD, and AUD/JPY. Therefore, only buy or sell GBP is all the other pairs are giving the same signal, these signals had a strong positive correlation of upto +0.94 with GBP/USD and this positive correlation is expected to continue.Trade Recommendations:
If you haven't bount the pair already, wait and buy above 1.5527, and clear bounce at 1.55134 will signal a reversal of the current trend, thus short positions should be considered
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
