Technical analysis of GBP/USD for July 15, 2015
July 15, 2015 7:40 amVideo
Latest News
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
- EUR/USD: trading tips for beginners for European session on April 17 April 17, 2024
- Market Comment – Geopolitics and Fedspeak keep stocks under pressure April 17, 2024
- Technical Analysis – USDJPY on the verge of hitting 155.00 milestone April 17, 2024
- Hot forecast for EUR/USD on April 17, 2024 April 17, 2024
- Overview for the GBP/USD pair on April 17th. British inflation could weigh on the pound April 17, 2024
- Technical Analysis – NZDUSD bounces off 5-month low April 17, 2024
- Overview for the EUR/USD pair on April 17th. There is no single reason for the euro to rise April 17, 2024
- Key events on April 17: fundamental analysis for beginners April 17, 2024
- Trading plan for GBP/USD on April 17. Simple tips for beginners April 17, 2024
- Trading plan for EUR/USD on April 17. Simple tips for beginners April 17, 2024
- Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 17, 2024. April 17, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday April 17, 2024. April 17, 2024
- Forecast for EUR/USD on April 17, 2024 April 17, 2024
- Forecast for GBP/USD on April 17, 2024 April 17, 2024
- Forecast for USD/JPY on April 17, 2024 April 17, 2024
- Outlook for EUR/USD on April 17. A boring Monday seamlessly transitioned into a boring Tuesday April 17, 2024
The cable made a strong pullback at yesterday’s session. The UK monetary policy encouraged investors.
The pound got new wings after the BoE’s statements about its rate hike. The claimant count change and average earnings index are due today. Besides, Federal Reserve Chair Janet Yellen testifies before the House Financial Services Committee and before Senate Banking Committee tomorrow.
Technical view: The cable gave a break from the bullish broadening wedge, close above that. The cable managed to gain momentum on the back of growing optimism about Greece. As we forecasted in our previous articles: “Until the Greece saga in the limelight the liquidity still remains of the euro”. The cable is approaching towards 20Dsma 1.5645. In case of a daily close above 20Dsma, bulls will test 1.5700, 1.5775, and 1.5800. The trend favors buying on dips with sl 1.5450. The 50Dsma found at 1.5555 and 100Dems at 1.5440. The 50Wsma is seen at 1.5600.
At yesterday’s session, we advised buying above 1.5520 with a target at 1.5650. As of now, the level of 1.5647 was done at today’s Asian session. We are optimistic in the longer-term forecast.
Intraday support is found at 1.5600 50Wsma and resistance is seen at 1.5650 and 1.5675. For today’s session, fresh buying is available above 1.5650 towards 1.5675, 1.5700, and 1.5735 during the day. We can expect the level of 1.5790 to be reached in the extreme case.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: