GBP/USD Intra-Day Technical Analysis - waiting for breakout or breakdown
Analytics & Forecasts

GBP/USD Intra-Day Technical Analysis - waiting for breakout or breakdown

14 September 2015, 10:45
Sergey Golubev
Sergey Golubev
2
1 170

M5 price is located near SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) waiting for the direction for the possible breakout or breakdown. The key support/resistance levels for this pair are the following: 1.5470 as the resistance and 1.5432 as support level.

  • If the price will break 1.5470 resistance level so we may see the bullish trend to be continuing.
  • If price will break 1.5432 support so the bearish trend will be started on this timeframe.
  • If not so the price will be ranging within the levels.
Resistance
Support
1.54701.5432
N/A
N/A

  • Recommendation to go short: watch the price to break 1.5432 support level for possible sell trade
  • Recommendation to go long: watch the price to break 1.5470 resistance level for possible buy trade
  • Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction
#gbpusd, technical analysis, Moving Averages