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16 Apr 2015
GBP/USD aiming for 1.5000? - FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, views that steady GBP/USD gains above 1.4905 might pave way for further advances towards 1.5000.
Key Quotes
“Technically, the 4 hours chart shows that the price develops well above a bullish 20 SMA, whilst the technical indicators are regaining the upside after partially correcting overbought readings, supporting the ongoing bullish tone.”
“In the same chart, the 200 EMA stands at 1.4905, becoming a critical dynamic resistance, as steady gains above it should open doors for an advance towards the 1.5000 price zone."
“A break below 1.4810 on the other hand, should revert the intraday bullish trend and see the pair retreating towards the 1.4740/60 price zone.”
Key Quotes
“Technically, the 4 hours chart shows that the price develops well above a bullish 20 SMA, whilst the technical indicators are regaining the upside after partially correcting overbought readings, supporting the ongoing bullish tone.”
“In the same chart, the 200 EMA stands at 1.4905, becoming a critical dynamic resistance, as steady gains above it should open doors for an advance towards the 1.5000 price zone."
“A break below 1.4810 on the other hand, should revert the intraday bullish trend and see the pair retreating towards the 1.4740/60 price zone.”