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23 Apr 2015
GBP/USD might see further gains above 1.5020 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, sees further gains ahead for GBP/USD towards 1.5060 and 1.5100 if the pair breaks above 1.5020.
Key Quotes
“The 4 hours chart shows that the technical indicators are turning flat in positive territory, whilst the price stands well above its 20 SMA, currently at 1.4950 the key support for the upcoming hours.”
“A break below this last seems unlikely yet if it happens, the pair will likely accelerate lower, eyeing then 1.4910, the 200 EMA in the mentioned time frame.”
“To the upside, the pair needs to establish itself above 1.5020 to be able to resume its advance, with 1.5060 and 1.5100 as the next intraday resistances.”
Key Quotes
“The 4 hours chart shows that the technical indicators are turning flat in positive territory, whilst the price stands well above its 20 SMA, currently at 1.4950 the key support for the upcoming hours.”
“A break below this last seems unlikely yet if it happens, the pair will likely accelerate lower, eyeing then 1.4910, the 200 EMA in the mentioned time frame.”
“To the upside, the pair needs to establish itself above 1.5020 to be able to resume its advance, with 1.5060 and 1.5100 as the next intraday resistances.”