Daily analysis of GBP/USD for March 25, 2014
March 25, 2014 5:20 amVideo
Latest News
- Technical Analysis – EURUSD retests 200-day SMA near downtrend line May 10, 2024
- Bitcoin finds support from a weaker dollar – Crypto News May 10, 2024
- Weekly Forex Outlook: 10/05/2024 – US inflation numbers to shake Fed rate cut bets May 10, 2024
- Forex forecast 05/10/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 10, 2024
- Week Ahead – US inflation numbers to shake Fed rate cut bets May 10, 2024
- GBP/USD: trading tips for beginners for European session on May 10 May 10, 2024
- EUR/USD: trading tips for beginners for European session on May 10 May 10, 2024
- Market Comment – Dollar slides, gold shines after soft US labor market data May 10, 2024
- Technical Analysis – AUDUSD remains undecided near crucial technical region May 10, 2024
- Technical Analysis – USDCAD slips beneath 20-day SMA May 10, 2024
- USD/JPY: trading tips for beginners for European session on May 10 May 10, 2024
- EUR/USD and GBP/USD: Technical analysis on May 10 May 10, 2024
- Forecast for EUR/USD on May 10, 2024 May 10, 2024
- Forecast for GBP/USD on May 10, 2024 May 10, 2024
- Forecast for AUD/USD on May 10, 2024 May 10, 2024
- Outlook for GBP/USD on May 10. The British pound failed. Or it simply refused May 10, 2024
- Outlook for EUR/USD on May 10. The euro went up for no reason May 10, 2024
- The US dollar stumbled again May 10, 2024
- The euro got away with it May 10, 2024
- Video market update for May 09, 2024 May 9, 2024
Daily chart: This pair
has made a bullish rebound on the trend line near to the 1.6450
level. It is very likely that the GBP/USD rises to the resistance
level of 1.6540. If the pair manages to make a breakout at that level, it would be expected to rise to the resistance level of 1.6663. On the
other hand, if the pair manages to make a breakout at the 1.6447
level, it’s expected to fall to the level of 1.6326. The MACD
indicator is in negative territory.
H4 chart: The GBP/USD
stays below the resistance level of 1.6516 and 200 SMA. For now, this
pair continues forming a higher low pattern. If this pair does
consolidate below the 1.6435 level, it’s expected to fall to the
support level of 1.6336. For now, if the GBP/USD manages to make a
breakout at the 1.6516 level, it’s expected to rise to the level of
1.6583. The MACD indicator is in positive territory.
H1 chart: This pair
remains above the point of control at the level of 1.6480. However,
this pair was strongly very close to the 1.6544 resistance level, so
that the pair is maintained in a bearish outlook. If GBP/USD manages
to make a breakout in the support level of 1.6464, it’s expected to
fall to the level of 1.6419. The MACD indicator is in neutral
territory.
Trading recommendations for today: Based on the H1 chart,
place sell (short) orders only if the GBP/USD pair breaks a bearish
candlestick; the support level is at 1.6464, take profit is at
1.6419, and stop loss is at 1.6510.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: