Economic CalendarQuotes & ChartsForex Trading SignalsPAMM Account RatingTrading Sessions
flag English arrow
logo
Home
Publications
Top Articles Forex Analytics Forex Analysis for Beginners Video Analytics Crypto News Forex NewsForex TVForex HumorNews in Pictures Trader Journals
See also
Forex Online
Quotes & Charts Forex AnalyticsForex NewsEconomic Calendar Technical Analysis Patterns Forex Trading Signals PAMM Account Rating Trading Session Schedule
See also
Crypto
QuotesNewsTrade Crypto IFXBIT Platform #Bitcoin#Ethereum#RippleBitcoin Cash
Monitoring
Forum
Trade Now

FX.co ★ GBP/USD Continuing Upward Trend January 03, 2011 (Daily Strategy)

header image

Forex Analysis

2011-01-03T13:30:24
iconLong-term review

GBP/USD Continuing Upward Trend January 03, 2011 (Daily Strategy)

GBP/USD Continuing Upward Trend January 03, 2011 (Daily Strategy)

GBP/USD

From a technical standpoint, the GBP/USD pair is expected to continue moving north at least up to the 1.5850 resistance level. The stop loss order may be placed slightly under the last low and 200-day moving average around 1.5330 United States dollars for one British pound. We will note here the impressive positive deviation on the MACD indicator, supporting the bullish prediction for the pair.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Open trading account