GBPUSD 2014-11-11

Posted on

GBP/USD: 1.5845

Pound under drop pressure

Short-run

market managed to spark rebound correction after U.S labor market data last friday , while short-run trading still facing resistance at 1.6020-35 zone

market may give another opportunity to re-short-sell market around 1.5975-1.6020 zone , while as long as market holding trades below 1.6035 the downtrend will sustain toward 1.5740

above 1.6040 market will have chance to back for test 1.6180 resistance zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5815 1.5925
Level 2 1.5740 1.5975
Level 3 1.5680 1.6035
Short term strategy: place new short-sell orders at 1.5975-1.6020 zone , stop loss at 1.6045, target 1.5740
(Visited 13 times, 1 visits today)

At ORBEX the trader is our greatest asset. We provide access to trading FX, Futures, Metals, CFD’s and Commodities on MT4 and word-class customer service.

- Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

CategoriesGBPUSDTags,

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

At ORBEX the trader is our greatest asset. We provide access to trading FX, Futures, Metals, CFD’s and Commodities on MT4 and word-class customer service.

© Orbex