20 Mar 2015
GBP/USD mildly bearish – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, explains that 1.4720 is the key level to watch for GBP/USD, as a break below it might lead to further declines towards 1.4680/90.
Key Quotes
“The 4 hours chart shows that the 20 SMA maintains a slightly bearish slope above the current level whilst the technical indicators maintain a neutral stance, as per hovering flat right below their midlines."
“The pair has no directional strength at the time being, so it would need to confirm a break below the 1.4720 support to move down to the 1.4680/90 price zone, whilst some follow through above 1.4780, may see the pair advancing up to the 1.4830 price zone.”
Key Quotes
“The 4 hours chart shows that the 20 SMA maintains a slightly bearish slope above the current level whilst the technical indicators maintain a neutral stance, as per hovering flat right below their midlines."
“The pair has no directional strength at the time being, so it would need to confirm a break below the 1.4720 support to move down to the 1.4680/90 price zone, whilst some follow through above 1.4780, may see the pair advancing up to the 1.4830 price zone.”