GBP/USD Technicals: September 16, 2015
Forex Million | Sep 16, 2015 06:28AM ET
Main scenario:
The GBP/USD pair is trading along an sideways trend with target on support level 1.5325, while market is trading below resistance 1.5430.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5430, which will be followed by moving up to resistance level 1.5530.
Main scenario:
The pair is trading along an uptrend with target on 1.5530. That may be expected to continue while the pair is trading above support level 1.5395. In other way from 1.5530 we will have correction to 1.5395.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.5395, which will be followed by moving down to support level 1.5270 and 1.5170.
Main scenario:
The pair is trading along an uptrend to 1.4800. The downtrend may be expected to continue while pair is trading below resistance level 1.5550, which will be followed by reaching support level 1.4800. If it keeps on moving down below that level, we may expect the pair to reach support level 1.4300, or we will have correction to 1.5270.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5550, which will be followed by moving up to resistance level 1.5880 and then 1.6200.
Get The News You Want
Main scenario:
The pair is trading along an downtrend to 1.4300. The downtrend may be expected to continue while the pair is trading below resistance level 1.5550, which will be followed by reaching support level 1.4800 and to 1.4300.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5550, which will be followed by moving up to resistance level 1.5880 and then to 1.6200.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.