GBP/USD, US dollar strike back!

mario urlic gbp-usd 22.09.

On September 18. I wrote about the return of the Pound and here we are only several days latter, the US dollar strike back hard! The pair is back to Daily MA200 at 1.5345 today and it has erase all gain from September 16./17. As I see it, there is H&S formation in the H1 chart and there is possible H&S formation here at H4 chart as well. If the Pound manage to rebound back to 1.5400/500 watch at that possibility. If this support level at 1.5300 breaks, the pair could fall again to 1.5200. On the way up, 1.5380/400 is the first resistance now, on the way down, 1.5310/40 as support. As I wrote in my previous GBP/USD analysis, interesting 4 weeks in this pair, let’s add another one, the 5-th one.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s