GBP/USD Technical Analysis For 18th August 2015, H4 | 18 August 2015
18 August 2015, GBP/USD
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Technical View:
GBP/USD is trading with a bearish bias. The pair successfully bounced off from its previously formed key level 1.5668 as we forecasted yesterday. It is anticipated that, as long as the pair trades below the level 1.5581, short positions are recommended but with a stop at 1.5524. In another case, should the price close above the key level 1.5581, long positions are recommended but with a stop at 1.5655.
Trading Recommendations
Wait for price to close below 1.5572, then sell the pair with a stop at 1.5524.
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.
