Forget Password

Blog

<< Back

Technical Analysis Report - GBP/USD

28/09/2016 // 09:40:05 am

 The British pound is under because of fall in oil prices. The price sharply fell from the session high, returned below the level and remained flat between 1.3200 and 1.2940 during the day. The GBP/USD pair is well below the moving averages. The 50, 100 and 200 EMAs maintained their decline. The current resistance is seen at 1.3000, the support exists at 1.2900. MACD is in the negative territory. MACD remained at the same level which confirms the strength of sellers. RSI is within the neutral territory. The oscillator is heading southIf the GBP/USD pair remains within the negative territory sellers will make another attempt to break below 1.2900. Meanwhile, we prefer to stay neutral for now. We expect further sideways trades in the coming hours.

Share Us :

Recent Posts

Technical Analysis Report - GBP/USD

29/09/2016 // 07:44:21 am

General outline

Pound was weighed by Shafik’s dovish comments (the BOE deputy) as

Read More

Technical Analysis Report - USD/JPY

29/09/2016 // 07:41:12 am

General outline

On wednesday, the US currency dollar rose because of profit fixati

Read More

Technical Analysis Report - GBP/USD

27/09/2016 // 10:33:13 am

General Outline:

The dollar remained under pressure against its major rivals as stocks

Read More

Technical Analysis Report - USD/JPY

27/09/2016 // 10:26:19 am

General outline

The yen strengthened as a safe asset amid a risk aversion. The BoJ chie

Read More


Email: support@ttsmarkets.com

Contact No: +971 589813411