9 Mar 2015
GBP/USD key resistance at 1.5140 – FXStreet
FXStreet (Barcelona) - With GBP/USD advancing above the 1.5100 levels, Valeria Bednarik, Chief Analyst at FXStreet, sees the immediate resistance at 1.5140 as being crucial, with a break above it expected to take the pair higher towards 1.5200 figure, while a break below favours 1.5000.
Key Quotes
“From a technical point of view, the 4 hours chart shows that the price continues to develop well below a bearish 20 SMA, whilst the technical indicators support an upward corrective movement, as the RSI crossed its 30 level to the upside and the Momentum indicator continues advancing towards its 100 line.”
“The immediate resistance stands around 1.5140 and it will take a clear break above it to see the pair extending its upward correction towards the 1.5200 figure.”
“Failure around the level on the other hand, should see the pair resuming the downside, with a break below 1.5050 exposing the pair to a test of the key 1.5000 level.”
Key Quotes
“From a technical point of view, the 4 hours chart shows that the price continues to develop well below a bearish 20 SMA, whilst the technical indicators support an upward corrective movement, as the RSI crossed its 30 level to the upside and the Momentum indicator continues advancing towards its 100 line.”
“The immediate resistance stands around 1.5140 and it will take a clear break above it to see the pair extending its upward correction towards the 1.5200 figure.”
“Failure around the level on the other hand, should see the pair resuming the downside, with a break below 1.5050 exposing the pair to a test of the key 1.5000 level.”