GBPUSD – Analysis and Forex Trading Signals – 13 May 2014

GBPUSD – Analysis and Forex Trading Signals – 13 May 2014

Analysis:

GBPUSD retraced back to 1.69 zone on Monday as expected. During today Asian trading session, GBPUSD moved slowly with bias down trend and started moving down quickly after China data and when European market open.

As noted before, GBPUSD long term bullish trend still intact although short term trend is down.

GBPUSD may hold at 1.682 zone to wait for US market open.

1.676 is a good zone to wait for buy signals before UK job reports and BoE Quarterly Inflation report tomorrow.

Screenshot 2014-05-13 15.08.01

Forex trading signals:

Resistant zone:

+1.699 – 1.700

+1.689 – 1691

Support zone:

+ 1.680 – 1.684

+ 1.676

+ 1.666

Forex Signals 247.

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