GBPUSD – Analysis and Forex Trading Signals – 04 June 2014

GBPUSD – Analysis and Forex Trading Signals – 04 June 2014

Analysis:

In the last two days, GBPUSD tried to move to 1.6800 zone but failed to break 1.6780. It seems that the bearish momentum still control the market. However, the downside is still hold at 1.6725, a strong support level and GBPUSD need to break this zone to move down further.

We expect GBPUSD will move up to test 1.6780 zone again today before heading off to next support level at 1.666 zone.

Our strategy today is to look for signals to go short again today around 1.6780 zone.

Screenshot 2014-06-04 08.10.02

Forex Trading signals:

Resistant zone:

+1.699 – 1.700

+1.689 – 1691

+1.680 – 1.684

+1.6780

Support zone:

+1.6725

+ 1.669

+ 1.666

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