26 May 2015
GBP/USD: further losses below 1.5445 – FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, sees further losses possible for GBP/USD towards 1.5405 on a break below the immediate support at 1.5445.
Key Quotes
“The daily chart shows, a break below the immediate support at 1.5445 could push the pair down to its 200-DMA located at 1.5405.”
“A bearish move today would also lead to an RSI breakout from the rising trend line and a drop below 50.00 levels.”
“Nevertheless, corrective move to 1.55-1.5510 cannot be ruled out on account of a bullish RSI divergence seen on the hourly chart.”
“Fresh offers are seen below 1.5430, 1.5405.”
“A daily close below 1.54 could open doors for 1.5336 (38.2% R of 1.4564-1.5813).”
“On the higher side, only a daily close above 1.5568 (38.2% R of 1.7190-1.4564) could lead to a re-test of 1.57 and 1.5813.”
Key Quotes
“The daily chart shows, a break below the immediate support at 1.5445 could push the pair down to its 200-DMA located at 1.5405.”
“A bearish move today would also lead to an RSI breakout from the rising trend line and a drop below 50.00 levels.”
“Nevertheless, corrective move to 1.55-1.5510 cannot be ruled out on account of a bullish RSI divergence seen on the hourly chart.”
“Fresh offers are seen below 1.5430, 1.5405.”
“A daily close below 1.54 could open doors for 1.5336 (38.2% R of 1.4564-1.5813).”
“On the higher side, only a daily close above 1.5568 (38.2% R of 1.7190-1.4564) could lead to a re-test of 1.57 and 1.5813.”