GBP/USD Technical Analysis For 14th October 2015 | 14 Outubro 2015
14 Outubro 2015, GBP/USD
Technical View:
GBP/USD is currently trading with a bearish bias. the pair traded short for the better parts of yesterday's intraday, the pair even went below a significant key support 1.52221, but eneded up just testing it. We expect the level 1.5282 to be the end of the minor pullback currently being witnessed on the chart before we continue short. Ideally, wave (c) should close below 1.5103. This pair is strongly positively correlated to GBP/JPY and AUD/CAD, thus they are expected to move in the same direction.
Trade Recommendations:
If you haven't sold the pair already, wait for the current minor pullback to end at 1.5284, then sell the pair with the first stop at 1.5219, and the next stop at 1.5103 or even the support trendline.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.