20 Mar 2015
GBP/USD might fall towards 1.4687 – FXStreet
FXStreet (Barcelona) - According to FXStreet Editor and Analyst, Omkar Godbole, the GBP/USD pair might see a sell-off towards 1.4687 levels, with technicals supporting the bearish view.
Key Quotes
“On the hourly chart, the pair could be seen struggling to rise above 1.4770-1.4775 since the Asian session.”
“The daily, hourly, and the 4-hour RSI stays bearish, which indicates room for another sell-off in the pair to 1.4687 levels. A fresh demand for Pounds can be anticipated around 1.4687.”
“The immediate upside in the pair appears capped at the 5-DMA currently located at 1.4810 levels.”
Key Quotes
“On the hourly chart, the pair could be seen struggling to rise above 1.4770-1.4775 since the Asian session.”
“The daily, hourly, and the 4-hour RSI stays bearish, which indicates room for another sell-off in the pair to 1.4687 levels. A fresh demand for Pounds can be anticipated around 1.4687.”
“The immediate upside in the pair appears capped at the 5-DMA currently located at 1.4810 levels.”