FxWirePro
Long

GBP/USD Short Term Outlook

FX:GBPUSD   British Pound/U.S. Dollar
228 0 1
GBP/USD             has broken short term resistance 1.5300 after BOE Governor Carney said that the inflation is expected to fall below zero in the coming months due to weak oil             price and BOE will cut interest rates if inflation falls into negative territory.

On the upside break above 1.5350 will take the pair to 1.5420/1.54910( 61.8% Retracement of 1.5825 and 1.4950).

The pair’s minor support – 1.5270 and break below will target 1.5240/1.5200.

Indicators (4 hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy

Recommendation: Buy GBP/USD             around 1.5320, SL 1.5265, Targets 1.5418/1.5500.

Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out