GBP/USD – Sell below 1.5333 (fractal) – for August 06, 2013 (daily strategy)
August 6, 2013 4:15 pm
The pound maintains the upward trend, derived from a solid manufacturing report in the UK, which reached its highest level since September 2012. The British currency is close to 1.54, and while it has slowed its upward movement, only a close below the 1.5333 fractal daily would direct the pound to 1.5080 support level. So we recommend you waiting a close below the 1.5333 fractal to sell, as the Momentum Indicator shows no bearish signal, which is supposed to continue the upward movement, but if there is a breakdown of the MACD line it would confirm the bearish signal.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
The pound maintains the upward trend, derived from a solid manufacturing report in the UK, which reached its highest level since September 2012. The British currency is close to 1.54, and while it has slowed its upward movement, only a close below the 1.5333 fractal daily would direct the pound to 1.5080 support level. So we recommend you waiting a close below the 1.5333 fractal to sell, as the Momentum Indicator shows no bearish signal, which is supposed to continue the upward movement, but if there is a breakdown of the MACD line it would confirm the bearish signal.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
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