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21 Apr 2015
GBP/USD looking bearish – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team gives the technical outlook for GBP/USD using daily charts.
Key Quotes
“.. the GBPUSD has reached a significant resistance, after seven days of gains in a row. This level coincides with the top side of an uptrend channel in the RSI, anticipating a bearish movement, where the previous lows seem the support to take into consideration. Above the current price, the mentioned 1.4980 resistance looks tough to be broken at first.”
“Support Levels around 1.4568”
“Resistance Levels around 1.4980”
Key Quotes
“.. the GBPUSD has reached a significant resistance, after seven days of gains in a row. This level coincides with the top side of an uptrend channel in the RSI, anticipating a bearish movement, where the previous lows seem the support to take into consideration. Above the current price, the mentioned 1.4980 resistance looks tough to be broken at first.”
“Support Levels around 1.4568”
“Resistance Levels around 1.4980”