Forex trading signals and analysis for GBPUSD – 12 Sep 2014

Forex trading signals and analysis for GBPUSD – 12 Sep 2014

Analysis:

GBPUSD moved higher in the past 2 days and it is trying to break the gap. However, 1.62800 is still a strong resistant level that it is not easy to break, especially when US dollar continue to move up strongly day by day.

In early Asian session today, the Pound tried to test 1.6280 again but failed one more time. It is currently trading around 1.62300, if 1.6200 is broken today, GBPUSD will likely more down to test 1.60500.

GBPUSDDaily - 12 Sep 2014

Forex Trading Signal:

We will watch for signals to short GBPUSD at 1.62500 today after the Pound broken 1.6200.

Resistant zone:

+1.62800

Support zone:

+1.60500

+1.58500

ForexSignals247

 

Leave a Reply

Your email address will not be published. Required fields are marked *