GBPUSD Chart Analysis 02 Feb 2016

FX:GBPUSD   British Pound / U.S. Dollar
32 0 0
GBPUSD: 4h - Daily view

GBPUSD             also broke out from the range between 1.41 and 1.43. Pair gained momentum and printed 1.4680 after which it pulled towards 1.4450 afte Friday's NFP. The price pattern looks very bullish for the moment.. C.O.T data suggests extreme levels are building up. This is a warning sign rather than an indication of the trend reversal. Given fundamental signals, GBP is still bearish currency.

Bulls @ 1.4400

Bears @ the same 1.4400 - The levels has to be broken to the downside and the price taken out one again.

GBPUSD: 15-30 min view

On the shorter timeframe, GBPUSD             is looking very bullish . The price is expected to pull down towards 1.4400. This is a former resistance and now a strong support. It should serve a perfect entry for any bulls.

On the other hand, for short traders, 1.4400 needs to be broken to the downside to confirm the downtrend continuation. After breaking 1.4400, look for pullback towards the same 1.4400 levels to enter short positions. Targets - the recent low @1.4100
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out