Wednesday, January 25, 2017

GBP/USD: technical analysis | FX Signals

GBP/USD: technical analysis | FX Signals



GBP/USD: technical analysis


Scenario
TimeframeIntraday
RecommendationSELL STOP
Entry Point1.2415
Take Profit1.2314, 1.2255
Stop Loss1.2456
Key Levels1.2255, 1.2314, 1.2415, 1.2542, 1.2654, 1.2766
Alternative scenario
RecommendationBUY STOP
Entry Point1.2552
Take Profit1.2654
Stop Loss1.2510
Key Levels1.2255, 1.2314, 1.2415, 1.2542, 1.2654, 1.2766
GBP/USD, D1
On the daily chart, the pair is growing along the upper line of Bollinger Bands. The price remains below the EMA130, SMA200 that are directed down. The GBP/USD: technical analysis RSI is trying to turn down in the Bearish zone below the 60 mark. The Composite, however, is growing.