There is no major changes in the GBP/USD intraday chart after the FOMC minutes, which were released during Wednesday's session. The pair keeps moving inside a a range between the levels of 1.5296 and 1.5205, where the 200 SMA is located on the H1 chart. When the cable does a breakout below the level of 1.5205, then it could fall towards the zone of 1.5142. The MACD indicator keeps showing positive signs.
H1 chart's resistance levels: 1.5296 / 1.5365
H1 chart's support levels: 1.5205 / 1.5142
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is found at 1.5205, take profit is at 1.5142, and stop loss is at 1.5270.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of GBP/USD for November 19, 2015 . Thanks for your support.
No comments:
Post a Comment