Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Nov 27 08 09:22 GMT |

GBP/USD 1.5424 GBP/USD Open 1.5327 High 1.5440 Low 1.5200 Close 1.5342 The mood of the market were in favor of the Dollar in yesterday. The Pound reached the bottom of 1.5176 and closed at 1.5342. We have a valid bullish channel on the four hour chart, which is an indication of potential continuation of the ascending movement. Short term support level is around 1.5245 followed by 1.5035. Immediate resistance level is 1.5450, followed by 1.5530. The CCI indicator is in neutral territory on a daily chart. Technical resistance levels: 1.5450 1.5530 1.5665 Technical support levels: 1.5245 1.5035 1.4915 Trading range: 1.5435 - 1.5370 Trend: Downward Sell at 1.5424 SL 1.5454 TP 1.5384 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com