Back
4 May 2015
Technical outlook for GBP/USD – FXMarketAlerts
FXStreet (Barcelona) - The FXMarketAlerts team gives the technical outlook and key levels for GBP/USD.
Key Quotes
“Low volume trade today suggests a weak trend, ie. the am. loss is setting up to reverse, for a test-reverse off the 1.5150~ tipping level. At this level, GBP remains equidistant from monthly pivots at 1.54/ Feb.'s pivot and 1.4850 (April's.)”
“R3: 1.5396 Fri high
R2: 1.5345 Fri high volm
R1: 1.514 * early March highs
S1: 1.5110~ Fri, Mon am. lows
S2: 1.5055 17-Apr high
S3: 1.50~ later Mar, Apr highs”
Key Quotes
“Low volume trade today suggests a weak trend, ie. the am. loss is setting up to reverse, for a test-reverse off the 1.5150~ tipping level. At this level, GBP remains equidistant from monthly pivots at 1.54/ Feb.'s pivot and 1.4850 (April's.)”
“R3: 1.5396 Fri high
R2: 1.5345 Fri high volm
R1: 1.514 * early March highs
S1: 1.5110~ Fri, Mon am. lows
S2: 1.5055 17-Apr high
S3: 1.50~ later Mar, Apr highs”