The primary trend of GBP/USD is bearish on charts and price is trading in a channel in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
Resistance level of 1.5240 and Support level of 1.4850
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
The primary trend of GBP/USD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
Resistance level of 1.4950 and Support level of 1.4860
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
Personally I think it has only a slim chance of getting to the bottom of that channel. At the right time, my money will be on an absolute bottom around the 1.19 region
The primary trend of GBP/USD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA downside indicating downtrend of the pair.
Resistance level of 1.4170 and Support level of 1.4100
If it breaks its suppport level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
The primary trend of GBP/USD is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 50day SMA and taking resistance of 200 day SMA on the downside indicating downtrend of the pair.
Resistance level of 1.4560 and Support level of 1.4420
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
[/B]The primary trend of GBP/USD is bearish on charts and price is trading below its support trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 100day SMA and forming double top formation that are appears on the above indicating downtrend of the pair.
Resistance level of 1.4470 and Support level of 1.4400
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY: USD/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
The primary trend of GBP/USD is bearish on charts and price is trading below its support trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 100day SMA that are appears on the above indicating downtrend of the pair.
Resistance level of 1.4600 and Support level of 1.4400
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY: GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
The GBP/USD pair bounced slightly during the course of the day on Wednesday, using the 1.4100 level as support. At this point in time, the market is looking bearish. The primary trend of GBP/USD is bearish on charts and price is trading below its support trend line in its 4 hourly chart. In its 4 hourly chart the price is sustaining below 100day SMA that are appears on the above image indicating downtrend of the pair.
Resistance level 1.4230 and Support level 1.4100
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY: GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
The GBPUSD pair bounced slightly during the course of the day on Thursday, using the 1.2877 level as support. At this point in time, the market is looking bearish. The primary trend of GBPUSD is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair.
Resistance level 1.3046 Support level 1.2877
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY: GBPUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
The GBPUSD pair bounced slightly during the course of the day on Thursday, using the 1.3324 level as support. At this point in time, the market is looking bullish. The primary trend of GBPUSD is bullish on charts and price is trading below its Resistance trend line in its 4 hourly chart. In its daily chart the price is sustaining above 50 day SMA that are appears on the above image indicating uptrend of the pair.
Resistance level 1.3479 Support level 1.3324
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair.
STRATEGY: GBPUSD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
The GBPUSD pair bounced slightly during the course of the day on Monday, using the 1.3200 level as support. At this point in time, the market is looking bearish. The primary trend of GBPUSD is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair.
Resistance level 1.3253 Support level 1.3200
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY: GBPUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
The GBPUSD pair bounced slightly during the course of the day on Tuesday, using the 1.3082 level as support. At this point in time, the market is looking bearish. The primary trend of GBPUSD is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair.
Resistance level 1.3147 Support level 1.3082
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY: GBPUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
The GBPUSD pair bounced slightly during the course of the day on Monday, using the 1.3169 level as support. At this point in time, the market is looking bearish. The primary trend of GBPUSD is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are appears on the above image indicating downtrend of the pair.
Resistance level 1.3262 Support level 1.3169
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY: GBPUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
The GBPUSD pair bounced slightly during the course of the day on Wednesday, using the 1.3025 level as support. At this point in time, the market is looking bullish. The primary trend of GBPUSD is bullish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 50 day SMA that are appears on the above image indicating uptrend of the pair.
Resistance level 1.3088 Support level 1.3025
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair.
STRATEGY: GBPUSD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
