30 Apr 2015
GBP/USD bullish streak might end today – FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, believes that GBP/USD might correct lower to 1.5339 today, and a daily close below the same might pave way for lower levels.
Key Quotes
“The pair currently trades at 1.5418 after having run into fresh bids closer to 1.5450. The RSI on the hourly and 4-hour chart has turned lower from the overbought zone.”
“The upward technical bias remains intact, however, a correction to 1.5339 could be seen today. A daily close below the same could open doors for more weakness to 1.5224 and 1.5153.”
“The upward bias could strengthen more in case the pair manages to see a daily close above its 200-DMA at 1.5490. Till then, fresh bids could be expected on the rise.”
Key Quotes
“The pair currently trades at 1.5418 after having run into fresh bids closer to 1.5450. The RSI on the hourly and 4-hour chart has turned lower from the overbought zone.”
“The upward technical bias remains intact, however, a correction to 1.5339 could be seen today. A daily close below the same could open doors for more weakness to 1.5224 and 1.5153.”
“The upward bias could strengthen more in case the pair manages to see a daily close above its 200-DMA at 1.5490. Till then, fresh bids could be expected on the rise.”