Forex Analysis: 19 Apr 2012, 13:14 UTC+00
GBP/USD Intraday Technical Analysis

Show full picture


The spot rate is currently testing the upper limit of its medium term bullish channel at 1.6090 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a violent bullish trend.
Technical indicators provide sell-signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded in the result of a strong increase these days. Stabilization is expected in a short term.


According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.6090 with the 1st objective at 1.6150 and then at 1.6170. A break through 1.6070 will invalidate this scenario.

Performed by
analytical expert: Albert Fitoussi
InstaForex Group © 2007-2015
 Published: 19 Apr 2012, 13:14 UTC+00

Recommend: Forex Analytics
Daily analysis of GBP/JPY for November 27, 2015
27 Nov 2015, 18:25 UTC+00   
Views today 1355
Technical analysis of EUR/USD for November 27, 2015
27 Nov 2015, 17:20 UTC+00   
Views today 1255
Elliott wave analysis of EUR/JPY for November 27 - 2015
27 Nov 2015, 09:38 UTC+00   
Views today 1208
Intraday technical levels and trading recommendations for EUR/USD for November...
27 Nov 2015, 19:52 UTC+00   
Views today 1060
GBP/USD intraday technical levels and trading recommendations for November 27,...
27 Nov 2015, 20:41 UTC+00   
Views today 1067