GBP/USD Technical Analysis: Down Trend Ready to Resume?

| 25 juli, 2013 | 0 kommentarer

GBP/USD Technical AnalysisPrices are showing a bearish Evening Star candlestick pattern below resistance at 1.5392, the 61.8% Fibonacci retracement, hinting a reversal lower may be ahead. Confirmation requires a daily close below initial support at 1.5281, the 50% level, a move that would expose the 38.2% Fib at 1.5171 as the next downside objective. Alternatively, a move above resistance eyes the 76.4% retracement at 1.5529.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-usd_body_Picture_5.png, GBP/USD Technical Analysis: Down Trend Ready to Resume?

Daily Chart – Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail [email protected]. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya’s e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *