Investor.Unity
Short

GBPUSD Analysis 20/01/15

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
200 0 3
Long term trend: Up
Medium term trend: Down
Significant Levels: 1.5100 (Horizontal Support), 1.5590 (Horizontal Resistance), 1.5000 (Significant Round Number) Downtrend Line

The downtrend is still intact. Currently, the price is near the support area and the significant round number is just below it. If the price broke both those levels, we could see a big move down. We cannot trade this currency pair right now as the price is in the support area . We want to see the price go up and then reverse back to its trend, which is down. But as of now, we need to be patient and wait for a sell signal. Always look for an obvious price action.

Trade well.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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