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GBP/USD Technical Analysis For 25th September 2015, H1

GBP/USD Technical Analysis For 25th September 2015, H1 | 25 September 2015

25 September 2015, GBP/USD

Technical View:
GBP/USD is currently trading with a bearish Bias. The pair trades short for the better parts of the previous day but failed to reach a key pivot level 1.5161, As long as the pair trades above this level, long positions are ideal, any clear movements below this level will signal further movements to the lower side. This pair is strongly positively correlated with GBP/HKD and GBP/JPY are expected to move in the same direction. Thus only buy or sell GBP is all the other pairs are giving the same signal.
Trade Recommendations:

Buy along the pivot level 1.5161, or in case of a clear break out below 1.5155, sell the pair.

Bob Stan
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