GBPUSD Technical Analysis For 25th November 2015 | 25 نوفمبر 2015
25 نوفمبر 2015, GBP/USD
Technical View:
GBPUSD is currently trading with a slight bullish bias. The pair crossed below a daily support 1.51156, and the red trend line. We expect a corrective upward rally towards the red trend line before we continue short. Any clear movements above this trend line, will signal further movements towards the upper side. This pair is highly positively correlated to other pairs such as GBP/JPY, GBP/CAD, EUR/JPY and EUR/AUD. Therefore, only buy or sell the pair if all the other positively correlated pairs are giving the same signal.
Trade Recommendation.
Wait and sell from 1.51156, or the support trend line with SL at 1.5153
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.
