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The cable shy try to rebound ended to residing for trading near 1.44

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 15, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
    Likes Received:
    The cable could rebound from 1.4350 keeping June 2010 supporting level at 1.4345 unbroken until now but this try to rise again could not get the cable daily RSI out of its oversold area below 30 reading now 21.795.

    While its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line barely in the neutral region coming up from its oversold area below 20 reading 20.023 and also its signal line which is reading now 22.017, after a shy try to correct some of its oversold stance has been faced by resistance at 1.4474, before residing for trading currently near 1.44 in its day number 22 of continued being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.4527.

    Important levels: Daily SMA50 @ 1.4950, Daily SMA100 @ 1.5141 and Daily SMA200 @ 1.5308


    S1: 1.4345
    S2: 1.4257
    S3: 1.4228
    R1: 1.4474
    R2: 1.4643
    R3: 1.4723

    GBPUSD Daily 15-01-2016 06-09-27 ص.jpg

    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
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