17 Nov 2014
GBP/USD sellers taking a chance - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the pound surged up to 1.5735 against the dollar.
Key Quotes:
“Sellers took their chances, pushing the pair back towards a daily low of 1.5619”.
“The GBP/USD pair consolidated in a 40 pips range for most of the last session near mentioned low, maintaining the overall bearish tone”.
“Short term, the 1 hour chart shows price below its 20 SMA as momentum heads lower below 100 and RSI stands flat at 42”.
“In the 4 hours chart 20 SMA presents a strong bearish slope, having capped the upside around mentioned high, while indicators turn slightly up well into negative territory”.
Key Quotes:
“Sellers took their chances, pushing the pair back towards a daily low of 1.5619”.
“The GBP/USD pair consolidated in a 40 pips range for most of the last session near mentioned low, maintaining the overall bearish tone”.
“Short term, the 1 hour chart shows price below its 20 SMA as momentum heads lower below 100 and RSI stands flat at 42”.
“In the 4 hours chart 20 SMA presents a strong bearish slope, having capped the upside around mentioned high, while indicators turn slightly up well into negative territory”.