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22 Apr 2015
GBP/USD might extend upto 1.5100 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, notes GBP/USD might see 1.5100 levels if the pair manages to break above 1.5050/60 area.
Key Quotes
“The GBP/USD pair trades at fresh daily highs around the 1.5000 level, having been so far as high as 1.5013. The 4 hours chart for the pair shows that the price extended above its moving averages that anyway show no directional strength, whilst the technical indicators are crossing their mid-lines to the upside, supporting some additional advances.”
“Renewed buying interest that drives the price above 1.5010, should lead to a continued advance towards the 1.5050/60 area first, whilst above this last, the rally can extend up to 1.5100.”
“The pair presents several former intraday highs in the 1.4970 region, meaning that if the prices breaks below it, the chances will turn towards the downside, eyeing an approach to the the 1.4920/30 price zone.”
Key Quotes
“The GBP/USD pair trades at fresh daily highs around the 1.5000 level, having been so far as high as 1.5013. The 4 hours chart for the pair shows that the price extended above its moving averages that anyway show no directional strength, whilst the technical indicators are crossing their mid-lines to the upside, supporting some additional advances.”
“Renewed buying interest that drives the price above 1.5010, should lead to a continued advance towards the 1.5050/60 area first, whilst above this last, the rally can extend up to 1.5100.”
“The pair presents several former intraday highs in the 1.4970 region, meaning that if the prices breaks below it, the chances will turn towards the downside, eyeing an approach to the the 1.4920/30 price zone.”