GBP/USD Technical Analysis
/05.13.2013/ MBCFX
The
GBP/USD has formed Triple tops on the 4 hours chart, and has succeeded in
breaching the Neckline level, and we expect at the beginning of today’s trading
a positive trading, but the general trend of the market would remain bearish,
and we expect it will decline to reach the 1.5303 and 1.5290 levels , as a
general expected targets.
So
any rally of the GBP/USD would represent good opportunities to sell and take
profits at the mentioned levels.
Also
the following indicators: MACD, RSI, Stochastic and Bears give us downward
signals on the weekly term trading.
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