GBPUSD Technical Analysis For 6th November 2015 | 06 Noviembre 2015

06 Noviembre 2015, GBP/USD

GBPUSD Technical Analysis For 6th November 2015

Technical View:

GBPUSD is currently trading with a very slight bullish bias. The pair traded short for the better parts of yesterday's Intraday as previously forecasted. It even ended up closing below a very significant key support level 1.5238. We are waiting for a minor corrective move upwards probably up to this support before we continue short. This pull back will also be accompanied by a similar upward movement in GBP/HKD up to 11.81. These two pairs have had a very strong positive correlation of up to +0.96, and are thus expected to move in a similar direction. Ideally, wave (5) should close along the lower support trend line at 1.4958. We will therefore sell Pounds at the same time when GBP/HKD reaches 11.81.

Trade Recommedations:

Sell this pound from 1.5238 but with a stop loss at 1.5263. This view can only be challenged should the price end up closing above 1.5263

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus