Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Jan 13 09 09:07 GMT |

GBP/USD 1.4707 GBP/USD Open 1.4821 High 1.5154 Low 1.4650 Close 1.4822 Yesterday Pound/Dollar continued its downward movement to the day's bottom 1.4806 and closed at 1.4822. Signals remain descending. Break of the the key level 1.4640 may cause further reduction towards the region of 1.4540. Immediate resistance is represented by the 1.4850 level, followed by 1.4900. The CCI indicator has just crossed down the 100 line on the one hour chart, suggesting potential pressure in downward direction. Technical resistance levels: 1.4850 1.4900 1.5115 Technical support levels: 1.4640 1.4510 1.4430 Trading range: 1.4720 - 1.4655 Trend: Downward Sell at 1.4707 SL 1.4737 TP 1.4667 iFOREX.bg Forecasts and Trading Signals