الأربعاء، 30 مارس 2016

Technical Analysis of GBP/USD


GBP/USD shows sharp gain on tuesday after Janet Yellen dragged down the dollar by strongly emphasizing that the Federal Reserve should proceed cautiously in normalizing its current monetary policy cycle.
Today Market range for these currency pair is 1.4525 and 1.4326
According to 4 hour chart these currency pair start the uptrend and its first target to break the latest high 1.4516 to continue its uptrend.
Our Preference:- Long above 1.4377 with target 1.4458 and 1.4525 for more extension
Alternative:- Short below @1.4377 with target 1.4260 to test the yesterday market range.
RSI continue its bullish rally and moving average crossed upside for upside movement.
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