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20 May 2015
GBP/USD might test 1.5447 whilst below 1.5542 – CharmerCharts
FXStreet (Barcelona) - Carol Harmer of CharmerCharts, shares the technical outlook and key levels for GBP/USD.
Key Quotes
“if we can get past the 1.5555 resistance which also clears the 15542 pivot point...If we ca manage that there is scope to trade higher back to 1.5620/1.5655/65.”
“If we cannot break the 1.5542/15555 resistance then sellers are expected back in the market and they will be looking to drive us lower to 1.5447 once more.”
“Cover any shorts to here....look to re-sell a break below 1.5440 for 1.5415 initially then 1.5362/50 would not be out of the question.”
Key Quotes
“if we can get past the 1.5555 resistance which also clears the 15542 pivot point...If we ca manage that there is scope to trade higher back to 1.5620/1.5655/65.”
“If we cannot break the 1.5542/15555 resistance then sellers are expected back in the market and they will be looking to drive us lower to 1.5447 once more.”
“Cover any shorts to here....look to re-sell a break below 1.5440 for 1.5415 initially then 1.5362/50 would not be out of the question.”