GBP/USD Technical Analysis
/05.07.2013/ MBCFX
The GBP/USD is trading within an ascending channel
as we notice on the daily chart, as the trading of the beginning of this week
closed on a Shooting Star which reflects the shift of the trend from bullish to
bearish.
We also notice on the
same daily chart that the GBP/USD prices faced a strong barrier at the
Fibonacci level 50%, and this confirms the downward movement to the first
support area of 1.5490-1.5473, and if it breaches down this area, this will
push the prices to the 1.3536 level which would represent good opportunities to
buy on the short term trading.
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And start receiving:
Real time alerts,
When to buy and sell,
Take profit and stop loss.
Daily Technical and Fundamental Analysis.
Also the economic calendar and the major events to watch
For more info please contact us at : info@mbcfx.com
