Monday, July 25, 2016

GBP/USD Chart

Summary :
Target Level : 1.3065
Target Period : 3 days

Analysis :
Head and Shoulders identified at 22-Jul-16:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.306 within the next 3 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.3292Last resistance turning point of Head and Shoulders.

Support Levels
( A ) 1.3065Last support turning point of Head and Shoulders.



Chart date range :
05-Jul-00:00 GMT-> 25-Jul-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles