TradablePatterns
Long

GBPUSD FORMING TRADABLE BOTTOM POST-BOE/NFP

FX:GBPUSD   British Pound/U.S. Dollar
Now that the dust has settled post BOE/NFP, the GBPUSD             is ready to bounce after heavy selling over the last few weeks. Daily RSI and Stochastics are both sloping up now, with Stochastics rising from an oversold level. The daily MACD blue line is trying to bottom, with the MACD histogram becoming less negative. The next key target will be just short of 1.6 where I've drawn a horizontal resistance line, which happens to also be where the GBPUSD             will likely bump into the downtrend resistance line. The monthly chart is still bearish , although the weekly chart has been showing bottoming efforts now for a few months.

Feel free to visit http://stks.co/g1HFq for today's technical analysis on $CT_F, $USDJPY             , $EURUSD, $GBPUSD, $VIX_F, $ES_F, $NQ_F, $AUDUSD, $DX_F, $NG_F, $CL_F.

Website: http://tradablepatterns.com
FB: http://facebook.com/tradablepatterns
Stocktwits: http://stocktwits.com/TradablePatterns
Twitter: https://twitter.com/chu_darren
Linkedin: https://www.linkedin.com/in/darrenchu
YouTube: https://www.youtube.com/channel/UCCI1YG-qzDMWg6hzYd8D8kw
Google+: https://google.com/+Tradablepatternscom

Email: info@tradablepatterns.com
Ideas Scripts Chart
United States
United Kingdom
India
España
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 Billing Sign Out