GBPUSD Daily Analysis – November 18, 2014
GBPUSD remains in downtrend from 1.6182, the rise from 1.5592 is likely consolidation of the downtrend.
GBPUSD remains in downtrend from 1.6182, the rise from 1.5592 is likely consolidation of the downtrend.
AUDUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8540, the fall from 0.8795 is likely consolidation of the uptrend.
USDJPY’s upward movement from 105.32 extended to as high as 117.05.
EURUSD broke above 1.2508 resistance, indicating that the downtrend from 1.2867 had completed at 1.2358 already.
AUDUSD continued its upward movement from 0.8540, and the rise extended to as high as 0.8784.
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AUDUSD moved sideways in a trading range between 0.8540 and 0.8910.
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190, and the fall extended to as low as 1.5592.
EURUSD remains in downtrend from 1.3993, the rise from 1.2357 is likely consolidation of the downtrend.
EURUSD is testing the resistance of the downward price channel on 4-hour chart.