GBPUSD Forecast May 21, 2015, Technical Analysis
The GBPUSD pair found support at the 1.55 level during the session on Wednesday, forming a slightly positive yet neutral looking candle.
The GBPUSD pair found support at the 1.55 level during the session on Wednesday, forming a slightly positive yet neutral looking candle.
The EURUSD pair initially fell during the course of the day on Wednesday, but below the 1.11 level we found a bit of support.
The AUDUSD pair broke down during the course of the session on Wednesday, testing the 0.79 handle.
USDJPY’s downward movement from 1.2202 extended to as low as 118.33.
The EURUSD pair went back and forth during the course of the session on Friday, as we continue to hang about the 1.09 level.
The AUDUSD pair broke down during the course of the session on Friday, clearing the bottom of the shooting star that had formed on Thursday.
USDJPY remains in uptrend from 101.06 (Jul 10, 2014 low), the sideways movement
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462
After touching 0.7912 resistance, AUDUSD pulled back into the trading range between 0.7560 and 0.7912, indicating that the pair remains
GBPUSD’s bounce from 1.4634 extended to as high as 1.5162.