Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Dec 03 08 09:21 GMT |

GBP/USD 1.4765 GBP/USD Open 1.4895 High 1.5065 Low 1.4756 Close 1.4916 Pound/Dollar made an indecisive movement on Tuesday. The currency couple tried lowering to the bottom 1.4779, but further bearish impetus was rejected and after a steep increase the Cable made peak at 1.5065 and closed the day at 1.4916. Although the last descendants scenario is maintained, today we can see more rising attempts. Immediate resistance is seen at 1.5065. The nearest support is at 1.4745, followed by 1.4630. The CCI indicator is in the neutral zone on the one and four hour chart. Technical resistance levels: 1.4940 1.5060 1.5200 Technical support levels: 1.4700 1.4580 1.4470 Trading range: 1.4775 - 1.4705 Trend: Downward Sell at 1.4765 SL 1.4795 TP 1.4715 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com