empty
 
 
15.11.2012 06:09 PM
GBP/USD Rebound - For November 15, 2012 (Daily Strategy)

The British pound is sliding slowly downward without a sustained rebound. Now it is a few pips below the 200 day moving average periods, which gives a bearish tone for the next few weeks. When you see these scenarios you should be very cautious, as the pair may bounce without an apparent reason, and you can keep orders against it.

Therefore, we recommend buying above the 200 EMA (blue) above 1.5850, because we are waiting for a rebound. If you want to sell, you can do it at the weekly resistance levels.
At a fundamental level next week there will be several important events both in the United States and the European Union, which may influence the currencies.

This image is no longer relevant

If you need personal consultation, contact me via e-mail: [email protected]

If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback