Wednesday, 21 January 2015

GBP-USD Forex Technical Report for Wednesday, January 21 2015


The major trend of GBP/USD is bullish. Prices are sustaining below the falling trendline with a positive bias. Today if the pair breaks the psychological level of 1.5180 at upside we can expect it to test the level of 1.5200/1.5230. RSI is also sustaining in buying territory supporting the ongoing trend. MACD line has recently break the zero line,indicating the up trend in the market.

GBP/USD is successfully sustaining on higher level & looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.