الاثنين، 8 فبراير 2016

Technical Analysis of GBP/USD



This currency pair still moves in downtrend in higher time frame chart but it start to moves in uptrend in lower time frame.
Most likely scenario:- Long above @1.4514 with target 1.4739 to continue uptrend
Alternative:- Short Below @1.4514 with target 1.4353 for further extension.
This pair start a new uptrend channel for further uptrend movement.
RSI still not give any clear indication
Moving average gives bullish indication for upside movement.
Trend Bias:- Bullish
Technical Summary:- Buy
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