Daily Forex Update: GBP/USD
GBP/USD 2 hours
Chart date range: 11-Jun 03:45 GMT-> 14-Jun 21:30 GMT
Data Interval: 15 Minutes
Summary
Target Level | 1.470798 | |
Target Period | 2 hours | |
Stop Level | 1.4772 |
Analysis
Head and Shoulders has broken through the support line at 14-Jun 21:30 GMT. Possible bearish price movement forecast for the next 2 hours towards 1.470798.
Supporting Indicators
Downward sloping Moving Average
Resistance Levels
(F) | 1.4787 | Last resistance turning point of Rising Wedge. | |
(B) | 1.4772 | Last resistance turning point of Head and Shoulders. |
Support Levels
(A) | 1.4729 | Last support turning point of Head and Shoulders. | |
(E) | 1.4722 | Last support turning point of Rising Wedge. |
- 15 June |
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