Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Nov 13 08 09:34 GMT |

GBP/USD 1.4990 GBP/USD Open 1.4893 High 1.5478 Low 1.4807 Close 1.5383 The Sterling fell against the Dollar during yesterday's session . Bottom was reached at 1.4831, closes at 1.4854. The long term perspective target is expected towards 1.4607. During the Asian session this morning the currency pair adjusted upwards, reaching 1.4921. The model remains mixed as consolidation is in place at this time, with rising intentions in favor of the dollar in the medium term. Immediate resistance is 1.4995 followed by 1.5080. The CCI indicator crossed up the line 100 on the one hour chart, indicating a potential correction upwards. Technical resistance levels: 5000 5080 1.5200 Technical support levels: 1.4800 1.4710 1.4625 Trading range: 1.5000 - 1.4940 Trend: Downward Sell at 1.4990 SL 1.5020 TP 1.4950 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com