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Report date: 20/03/2015
* All times are displayed in GMT (London time)

Summary

SELL
We look to Sell at 1.4800 (stop at 1.4835)


Resistance 3 1.4966
Resistance 2 1.4900
Resistance 1 1.4800
Support 1 1.4700
Support 2 1.4635
Support 3 1.4600

Last Update 20/03/2015 - 12:51pm

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Analysis

GBPUSD - Intraday - We look to Sell at 1.4800 (stop at 1.4835)

Price action has posted a bearish inside day and is negative for short-term sentiment. Little net movement overnight. Levels close to the 61.8% pullback level of 1.5200 found sellers. There is scope for mild buying at the open but gains should be limited. Further downside is expected although we prefer to sell into rallies close to the 1.4800 level.
Our profit targets will be 1.4700 and 1.4635

Resistance: 1.4800 / 1.4900 / 1.4966
Support: 1.4700 / 1.4635 / 1.4600

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Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information. Hypothetical and simulated performance results do not represent actual trading, may not account for actual market factors and have many limitations. You may not achieve similar profits or results. No representation is being made with respect to performance, profits or results.

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