Analysis on GBPUSD 29.03.2016
The price above 20 MA and 200 MA, indicating a growing trend.
The MACD is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.4290
• Take Profit Level: 1.4440 (150 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.4200
• Take Profit Level: 1.4120 (80 pips)
GOLD
Possible short position at the breakdown level 1208.00
USDJPY
Possible long position at the breakdown level 113.85
USDCHF
Possible short position at the breakdown level 0.9710
EURUSD
Possible long position at the breakdown level 1.1220
