Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Feb 12 09 09:05 GMT |

GBP/USD 1.4233 GBP/USD Open 1.4343 High 1.4538 Low 1.4208 Close 1.4394 The descending movement of the Pound/Dollar continued yesterday, which today accelerated further downwards. The currency couple dropped to the bottom 1.4319, and closed the day at 1.4394. On the 4 hour chart the upward channel was penetrated downwards. Short term signals are decreasing with the goals towards the region of 1.4150. Immediate resistance is 1.4570, followed by 1.4640. The CCI indicator has just crossed down the 100 line of the daily chart, signaling for decreasing pressure. Technical resistance levels: 1.4415 1.4535 1.4630 Technical support levels: 1.4150 1.4000 1.3885 Trading range: 1.4245 - 1.4170 Trend: Downward Sell at 1.4233 SL 1.4263 TP 1.4183 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com