Forex Tips

Wednesday, January 21, 2015

Major trend of GBP/USD is Bullish: Should one go for Buy?

The major trend of GBP/USD is bullish. Prices are sustaining below the falling trendline with a positive bias. Today if the pair breaks the psychological level of 1.5180 at upside we can expect it to test the level of 1.5200/1.5230. RSI is also sustaining in buying  territory supporting the  ongoing  trend. MACD line has recently break the zero line,indicating the up trend in the market.




S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD
1.1443
1.1491
1.1520
1.1568
1.1597
1.1645
1.1674
GBP/USD
1.4921
1.4988
1.5067
1.5134
1.5213
1.5280
1.5359
USD/JPY
116.57
117.05
117.93
118.41
119.29
119.77
120.65
USD/CHF
0.8520
0.8601
0.8680
0.8761
0.8840
0.8921
0.9000
AUD/USD
0.8083
0.8120
0.8146
0.8183
0.8209
0.8246
0.8272
EUR/GBP
0.7507
0.7558
0.7592
0.7643
0.7677
0.7728
0.7762
USD/CAD
1.1806
1.1869
1.1991
1.2054
1.2176
1.2239
1.2361
NZD/USD
0.7416
0.7518
0.7579
0.7681
0.7742
0.7844
0.7905



STRATEGY :- GBP/USD  is successfully  sustaining on higher  level & looking  further bullish on charts. One can go for buy on dips  strategy for this pair for intra day to mid term positions.

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