GBP/USD Short Term Outlook

FX:GBPUSD   British Pound / U.S. Dollar
214 0 3
GBP/USD             has broken minor support 1.5100 after release of UK Unemployment and BOE minutes.
Sterling drops to day’s low of 1.5079 after BOE minutes shows 9-0 vote for keeping rates unchanged. MPC             sees a “roughly even” chance that CPI             will fall below 0% at some point in H1 2015. Any increase in interest rate would increase the chances of prolonged low inflation .

On the downside minor support is around 1.5030 and any break below will take the pair to 1.4850.
The pair’s minor resistance is around 1.5200 and any indicative break above would extend gain to 1.5275/1.5335.

Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

Recommendation: Sell GBP/USD             around 1.5100-105, SL 1.5200, Target 1.4851.
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