Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of GBP/USD for March 23, 2017

parent
Forex Analysis:::2017-03-22T23:38:17

Daily analysis of GBP/USD for March 23, 2017

The pair continues to follow the upside bias above the 1.2400 handle across the board, as the resistance zone of 1.2512 still provides a nice barrier to cap further gains. However, if GBP/USD breaks below 1.2391, then it can plunge to test the 1.2292 level, which is below the 200 SMA at H1 chart. MACD indicator is turning flat, favoring for sideways.

Daily analysis of GBP/USD for March 23, 2017

H1 chart's resistance levels: 1.2512 / 1.2570

H1 chart's support levels: 1.2391 / 1.2292

Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2391, take profit is at 1.2292 and stop loss is at 1.2493.

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...