GBP/USD Technical Analysis For 27th August 2015, H4 | 27 tháng Tám 2015

27 tháng Tám 2015, GBP/USD

Technical View
GBP/USD is currently trading with a bearish Bias. The pair successfully crossed a key level 1.5665, and even crossed and closed below the two trendline. The current wave in a corrective move upwards back to the now resistance trendline. As long as the pair trades below this level, short positions are recommended but with a stop at 1.5419, and the second stop at 1.5300. This downward movement is likely to continue as long as EUR/USD is trading below 1.1384, and US dollar index is trading above 94.95. The latter is highly negatively correlated with GBP/USD, but is strongly positively correlated with EUR/USD.

Trade Recommendations

As long as the pair trades below the Resistance trendline, short positions are recommended. However, should price close above this Resistance trendline, long positions are recommended, but with a stop at the next Resistance trendline.

Bob Stan
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .