Sunday, 14 February 2016

Forex Technical Analysis of GBPUSD for February 15, 2016

Support - S1 : 1.4442 | S2 : 1.4378 | S3 : 1.4314
Resistance - R1 : 1.4570 | R2 : 1.4634 | R3 : 1.4698
Main Trend - Neutral
Intraday Trend - Neutral

Observing the 4H chart of forex technical analysis for the exchange rate GBPUSD we can see that the price is moving out of Andrew's Pitchfork and close between EMA(50) and EMA(200). EMA(50) and EMA(200) have a downward cross between them.

Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:

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