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