pornfree porn Technical analysis for GBPUSD on 13.09.13
  • Technical analysis for GBPUSD on 13.09.13

    Artem Helium
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    Technical analysisA long-term consolidation at 1.5820 on the GBP/USD served as a short-term correction down.

    Direction

    Period

    Expected price dynamics

    Price movement corridor

    ↑↓

    1 day

    ≈135 pips

    Max. 1.6000

    Min. 1.5580

    GBP/USD technical analysis on 13.09.13

    The intermediate uptrend line of 1.5580 was crossed. The pair is now testing the strength of the support level of 1.5780; breaking this level will indicate that the GBP/USD will return to its ascending channel. In this case, the closest fall target will be set at the support level of 1.5740; then the price will be expected to fall to 1.5700 – 1.5675.

    Alternative forecast

    GBPUSD technical analysis on 13.09.13

    Retesting a strong support level of 1.5700 can result in a bounce up to the resistance level of 1.5800.

    The rise of the GBP/USD from the current levels is possible after breaching yesterday’s maximum at 1.5840. In this case, the ascending trend will continue to 1.5870 – 1.5900.

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