Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Dec 09 08 09:29 GMT |

GBP/USD 1.4767 GBP/USD Open 1.4859 High 1.5045 Low 1.4685 Close 1.4912 Yesterday the Pound/Dollar made a peak at 1.5046, but closed at 1.4890. In the long term, it appears that the currency couple has bullish moods. During the Asian session this morning there was a descending tension, supported by the overbought indicator, which may lead to a test of 1.4825, followed by 1.4685 if broken. Break of 1.4925 and then 1.5050 and may provoke ascending movement and lead the currency couple to 1.5250. On a weekly basis the overbought indicator can cross up the 100 line, suggesting potential bullish market. Present resistance is seen at 1.4950. Immediate support is seen at 1.5075. Technical resistance levels: 1.5075 1.5180 1.5300 Technical support levels: 1.4680 1.4600 1.4495 Trading range: 1.4780 - 1.4735 Trend: Downward Sell at 1.4767 SL 1.4797 TP 1.4727 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com