Trading recommendations :
- The resistance of the GBP/USD pair has already set at 1.6520 and a minor resistance place at the level of 1.6400.
- Furthermore, it will be quite profitable to sell below this level (1.6400) for retesting this level in the long term.
- Therefore, sell deals are recommended below 1.6400 with targets at 1.6333 (the level of 1.6333 represents the last opining gap) and resume towards the level of1.6278 to reach a strong support on 19th of September 2014.
- On the contrary, the support is going to set at the level of 1.6278 today.
- Consequently, the ascending movement will probably be higher than the 1.6278 level with the target at the key price 1.6360.
Notes :
- We expect a new range about 85 pips today. The key level will set at the level of 1.6360.
- The support of the GBP/USD pair has already set at 1.6278. Moreover, the weekly support 1 will set at the same level.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/USD for September 19 2014 . Thanks for your support.
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