GBP/USD Technical Analysis For 19th August 2015, H4 | 19 August 2015
19 August 2015, GBP/USD
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Technical View
GBP/USD is trading with a bullish bias. The pair successfully crossed our long term resistant level 1.5668. As long as the pair trades above this level, long positions are recommended but with a first stop at 1.5718, and a second stop at 1.5789. In another case, should the price break out below the key level 1.5668, then short positions should be considered but with a stop at the support trend line
Trade Recommendations.
If you haven't bought GBP already, wait for it to retrace back to the key level 1.5668, then buy it. but with a first stop at 1.5718, and a second stop at 1.5789.
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.
