Wednesday, April 13, 2016

GBP/USD

Summary : Target Level : 1.4348
Target Period :
2 days

Analysis :
Inverse Head and Shoulders identified at 12-Apr-23:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.435 within the next 2 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.4348Last resistance turning point of Inverse Head and Shoulders.

Support Levels
( A ) 1.4197Last support turning point of Inverse Head and Shoulders.