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The pound sterling against the dollar shows a slight negative attempts Now, in reference to resume the main bearish trend is expected for the day, and who gets the constant of 50 moving average support.
Expected trading range for today is between: Support and Resistance 1.4500 1.4750
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The tendency for this year is expected today: Down
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Possible market only correction to the pivot point at 1.4728, and if viewed from the stochastic has entered oversold 2 times.
Recommendation: Buy with a target of 1.4851
15, April 2015
GBP/USD (a 4-hour chart)
Last week sellers confidently broke through the strong support level of 1.4800 downwards. This week we predict the reversal level of 1.4800 break through that serves the role of the strong resistance.
Buyers checked this level for strength amid the GBP news. If the level testing is false, there will be the bearish trend confident continuation.
The price is finding the first support at 1.4650, the next one is 1.4500. The price is finding the first resistance at 1.4800, the next one is at 1.4920.
Trading recommendations
We believe the growth will be continued now. The first target is the level 1.4920.
http://dl.dropbox.com/u/51561036/scr...415-181114.png
British pound against the dollar traded positively remarkable evening yesterday to test the main descending channel resistance and maintains stability below, which keeps the negative pressure exists in general, supported by SMA 50 to the negative side of the stochastic signal.
Expected trading range for today is between: Support and Resistance 1.4600 1.4815
daily overview for Gbp-Usd
r3: 1.5052
r2: 1.4926
r1: 1.4854
s1: 1.4656
s2: 1.4530
s3: 1.4458
the pair broke the channel to down
so our trade for the pair is sell
pair- gbp/usd
time frame to analysis- m15
http://i57.tinypic.com/25hpkeu.jpg
the up movement of the price is having resistance at the 1.4800 level and falling down side with having parabolic sar short signal. the rsi indicator is moving down from the overbought level 70. short with profit target at 1.4698 and stop loss at 1.4825
good luck
Sterling pound against the dollar shows a slight downward tendency in an attempt to get away from the falling channel resistance, and is affected by the negativity on Stochastic who wait to pay the price for the resumption of the bearish trend, where we still expect that the price of trading witnessing negative during the coming period, depending on the stability below 1.4815.
From here, we are waiting to target levels start at 1.4460 and extend to 1.4200 in the near term.
Expected trading range for today is between: Support and Resistance 1.4600 1.4815
For the British pound has witnessed yesterday the issuance of non-consumer price index essential and who scored steadier rate of 0.0% on the annual level as expectations while the consumer price index core record a rise of 1.0% on the annual level less than expected, which was monitored rising by 1.2% a the rate of contraction of 0.2% during the past month, also scored the retail price index decline in growth from 1.0% to 0.9% on a yearly basis, as does the index of homes and prices, which recorded a strong decline in growth from 8.4% to 7.2% on the annual level other than expectations, which were monitored by rising 8.7% on the same level
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Technically, after falling GBP USD to break the uptrend present on the frame of four hours and achieved the goals of sales we expected when former support 1.4585 levels, the pair rose from those levels for testing the levels of psychological barrier 1.4800 to bounce it, and pair it to become a candidate for sale in the event of broken Average levels of 30 simple movement to target 1.4640 levels either scenario alternative is to climb and be hacked bullish trend levels to become a husband to buy it and be this also points out of shorts
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Stochastic still leaning down, but when viewed from TF Daily, the market just a correction to the range 1.4822 - 1.4979
Recommendation: Sell with a target of 1.4822 / Buy limit at 1.4979
daily overview for Gbp-Usd
r3: 1.5047
r2: 1.4949
r1: 1.4895
s1: 1.4743
s2: 1.4645
s3: 1.4591
the pair can not break the resistance to up
so our trade for the pair is sell
Spoiler: