1.5672 is the key level | 18 May 2015
18 May 2015, GBP/USD
GBPUSD Н1. There is a descention down to the angle 1:3. Then we will check how the price reacts to this level. If it is broken, we will be moving to 1.5538. Upon the bounce, the price can update High.
Intraday reversals with Н1 timeframe according to terminal time of FreshForex: 04:00, 09:00, 12:00, 16:00.
Reversals of current week under D1 timeframe (numerology): May 18 at 20:00, May 20 at 20:00.
Reversals of current month under D1 timeframe (astrology): May 14, 22, 28.
All reversals represented in the review are assumed points of reversal and over time dates may vary.
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Conclusion: If you don't have opened Buy trades, today you'd better abstain form trading.
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.
