Friday, 11 September 2015

GBP/USD Forex Technical Analysis as on Friday, September 11 2015

Technical Analysis: 
GBP/USD is having secondary sideways trend on charts. In its hourly chart, the pair is consolidating with strong positive bias and is likely to give break out at upside. Its 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 1.5475. If it breaks its resistance level of 1.5475 at upside then we can expect it to show further upside movement.

Indicators:
RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.
MACD is also sustaining in buying territory indicating the upcoming bullish trend in the pair.

GBP-USD-Forex-Technical-Analysis
Technical Chart



Trading Strategy: GBP/USD is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD
1.1072
1.1121
1.1201
1.1250
1.1330
1.1379
1.1459
GBP/USD
1.5222
1.5279
1.5363
1.5420
1.5504
1.5561
1.5645
USD/JPY
118.53
119.24
119.92
120.63
121.31
122.02
122.70
USD/CHF
0.9583
0.9640
0.9686
0.9743
0.9789
0.9846
0.9892
AUD/USD
0.6813
0.6878
0.6974
0.7039
0.7135
0.7200
0.7296
EUR/GBP
0.7172
0.7206
0.7254
0.7288
0.7336
0.7370
0.7418
USD/CAD
1.3074
1.3124
1.3189
1.3239
1.3304
1.3354
1.3419
NZD/USD
0.6085
0.6170
0.6230
0.6315
0.6375
0.6460
0.6520
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