GBPUSD Technical Analysis For 22nd October 2015 | 22 Octubre 2015
22 Octubre 2015, GBP/USD
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.
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.
