Technical analysis of GBP/USD for September 19, 2016
September 19, 2016 9:21 amVideo
Latest News
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
- EUR/USD: trading tips for beginners for European session on May 3 May 3, 2024
- Technical Analysis – WTI futures break below 200 day-SMA May 3, 2024
- Hot forecast for EUR/USD on May 3, 2024 May 3, 2024
- Key events on May 3: fundamental analysis for beginners May 3, 2024
- Trading plan for GBP/USD on May 3. Simple tips for beginners May 3, 2024
- Trading plan for EUR/USD on May 3. Simple tips for beginners May 3, 2024
- Forecast for EUR/USD on May 3, 2024 May 3, 2024
- Forecast for GBP/USD on May 3, 2024 May 3, 2024
- Forecast for USD/JPY on May 3, 2024 May 3, 2024
- The euro did not understand the Fed’s signals May 3, 2024
- Analysis of GBP/USD pair on May 2nd. The final chord for the dollar May 2, 2024
- Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting May 2, 2024
- Technical Analysis – GBPJPY returns to pre-intervention levels May 2, 2024
Overview:
Amid the previous events, the price is still moving between the levels of 1.3086 and 1.2933. In overall, we still prefer the bearish scenario as long as the price is below the level of 1.3086. Furthermore, if the GBP/USD pair is able to break out the bottom at 1.3000, the market will decline further to 1.2933. The price will fall into a bearish trend in order to go further towards the strong support at 1.2933 to test it again. The level of 1.2865 will form a double bottom. On the other hand, if the price closes above the strong resistance of 1.3154, the best location for a stop loss order is seen above 1.3180.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: