Forex news

  • Home
  • Forex analysis
  • Forex brokers news
  • Choose a broker

Daily analysis of GBP/USD for September 18, 2015

September 17, 2015 by Forex analysis review

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Google+ (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

The markets are running into a dominant bias established after the Fed’s meeting, and the US Dollar is now weak, pushing higher the GBP/USD pair towards new untouched levels. Currently, the pair is trading above the 200 SMA on the daily chart and the
closest resistance is located around the level of 1.5634. The MACD indicator
is moving at the positive territory.

GBPUSDDaily.png

On the H1 chart, there is a bullish rally
ongoing above the support level of 1.5661. Now it is facing a
strong resistance around 1.5609, the level which should be broken
in order to reach new highs at least until 1.5655. On the other hand, a pullback at current levels will push lower the cable
until the level of 1.5516.

GBPUSDH1.png

Daily chart’s resistance
levels: 1.5479 / 1.5559

Daily chart’s support
levels: 1.5329 / 1.5181

H1 chart’s resistance
levels: 1.5609 / 1.5655

H1 chart’s support levels:
1.5561 / 1.5516

Trading recommendations for today: Based on the H1 chart,
place buy (long) orders only if the GBP/USD pair breaks a bullish
candlestick; the resistance level is at 1.5609, take profit is at
1.5655, and stop loss is at 1.5561.

The material has been provided by InstaForex Company – www.instaforex.com



Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Google+ (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related posts:

  1. Daily analysis of GBP/USD for September 17, 2015
  2. Daily analysis of GBP/USD for February 24, 2015
  3. Daily analysis of GBP/USD for February 26, 2015
  4. Daily analysis of GBP/USD for February 25, 2015
  5. Daily analysis of USDX for September 07, 2015
  6. Daily analysis of GBP/USD for September 10, 2015
  7. Daily analysis of USDX for September 10, 2015
  8. Daily analysis of GBP/USD for September 16, 2015

Filed Under: Forex analysis

Best forex brokers ads

HotForex 50% Bonus

Ads

Categories

  • Alpari broker news
  • EasyMarkets review
  • Etoro analysis
  • Exness Review
  • Forex analysis
  • Forex brokers
  • Forex brokers news
  • Instaforex company news
  • Liteforex news and analysis
  • Roboforex news
  • XM forex brokers news and reviews
  • XM.com
  • Zulutrade Review
Rrula.org forex news copyright 2013