15 Jun 2015
GBP/USD eyeing1.5450? – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, sees additional declines towards 1.5450 on a GBP/USD break below 1.5490.
Key Quotes
“The 4 hours chart shows that the price is breaking below its 20 SMA, whilst the RSI indicator anticipates additional declines, heading lower towards its mid-line, as the Momentum indicator remains flat above 100.”
“Should the price extend below 1.5490, the bearish movement will likely accelerate towards the 1.5450 region, a strong static support level. If the price extends further below this last, 1.5420 is the next bearish target.”
“1.5550 continues to be the main intraday resistance and it will take a break above it to confirm additional advances towards the 1.5600 region, pretty unlikely for today.”
Key Quotes
“The 4 hours chart shows that the price is breaking below its 20 SMA, whilst the RSI indicator anticipates additional declines, heading lower towards its mid-line, as the Momentum indicator remains flat above 100.”
“Should the price extend below 1.5490, the bearish movement will likely accelerate towards the 1.5450 region, a strong static support level. If the price extends further below this last, 1.5420 is the next bearish target.”
“1.5550 continues to be the main intraday resistance and it will take a break above it to confirm additional advances towards the 1.5600 region, pretty unlikely for today.”