InstaForex InstaForex

Forex Analysis: 4 Apr 2012, 08:04 UTC+00

GBP/USD Intraday Technical Analysis

Show full picture


The spot rate is currently testing the lower limit of its medium term bullish channel at 1.5880 suggesting a rebound. However a break of these levels will free a large potential and start a bearish channel.
Technical indicators provide buy-signals and evolve in oversell zone supporting the assumption of a rebound. Bollinger bands are much discarded as a result of the strong decline of these days. Stabilization is expected in the short term.
According to previous events, the market indicates a bullish opportunity at the levels of 1.5880 with the 1st objective of 1.5940, then 1.5960. A break through 1.5860 will invalidate this scenario.


Performed by
analytical expert: Albert Fitoussi
InstaForex Group © 2007-2017
 Published: 4 Apr 2012, 08:04 UTC+00

Recommend: Forex Analytics
Daily analysis of major pairs for August 21, 2017
21 Aug 2017, 13:30 UTC+00   
Views today 2400
Global macro overview for 21/08/2017
21 Aug 2017, 12:14 UTC+00   
Views today 2359
USD/JPY profit target reached perfectly, prepare to buy again
21 Aug 2017, 05:57 UTC+00   
Views today 2323
Intraday technical levels and trading recommendations for EUR/USD for August...
21 Aug 2017, 15:18 UTC+00   
Views today 2322
Elliott wave analysis of EUR/JPY for August 21, 2017
21 Aug 2017, 12:59 UTC+00   
Views today 2315

Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit