GBPUSD 4H (22.07.2014) American Ses. Chart Technical Analysis
GBPUSD 4H Diagram Technical Analysis shows the following:
The GBPUSD has made a short term decline under the resistance red line. The daily diagram is neutral to bearish.
MACD is marginally bearish under the zero line and RSI gets 41 trying to reverse.
We have no special candlestick pattern. The price is under the KUMO the Kijun Sen (blue line) and the Tenkan Sen (green line) too.
There is a descending triangle that makes bear thoughts.
Stay aside. Make your movement considering the triangle. Long if the pair stabilizes above resistance line otherwise short under the green line support or the EMA 200.
The GBPUSD has made a short term decline under the resistance red line. The daily diagram is neutral to bearish.
MACD is marginally bearish under the zero line and RSI gets 41 trying to reverse.
We have no special candlestick pattern. The price is under the KUMO the Kijun Sen (blue line) and the Tenkan Sen (green line) too.
There is a descending triangle that makes bear thoughts.
Stay aside. Make your movement considering the triangle. Long if the pair stabilizes above resistance line otherwise short under the green line support or the EMA 200.
