GBP/USD: general overview on 09.06.2015

9 June, 2015

General overview

The US labor market positive report for May points out both to the economic growth as a whole and to the inflation increase in particular. Inflation expectations growth will contribute to the fact that investors will lay in their forecasts the monetary policy tightening by the Fed part which will support demand for the US dollar.

The pound downward trend has stopped at the round support level of 1.5200 for the second time. We noted a consolidation below the resistance level of 1.5300. Then the pair increased and broke through the resistance level of 1.5300 upwards.

The price is finding the first support at 1.5300, the next one is 1.5200. The price is finding the first resistance at 1.5390, the next one is at 1.5460.

The price is below the Cloud and it is below the Chinkou Span. The Tenkan-sen shows a downward movement, the Kijun-sen shows a horizontal movement and form a “Dead Cross”.

The MACD histogram is in a neutral territory. The price is growing.

Trading recommendations

We suppose the pair will go to 1.5300 first. Having overcome the first target the price might go downwards to 1.5200.


Source link  
XAUUSD going downwards

Taking that into consideration looks as the market demonstrates its intention of sell-off start soon. Resistance is hold at 1250...

XAUUSD was moving aside

In order the long-terms traders are come back here the price might easily reach...

Pound continues to reach its heights

On Monday the British pound was going lower at opening...


Pound initially moved downwards

As for long-terms the target range seems to be 1.34 but due to the recent concerns and news around UK it looks as much more time...

Gold makes attempts to go straight

Within Thursday session the gold was slightly following downtrend until got the support at 1260 range. Currently Gold makes...

XAUUSD seems to be surrounded

Investors seem to expect the reports and news which could turn on the volatility and upside breakout...


British pound continued varying

Resistance saves at 1.1300, support comes in at 1.1260. Bulls won't have that much unless...

Yellow metal returned to a growth

Buyers failed to reclaim 1260 and stepped back in the night. The price slightly eased and corrected to 1253...

Undertone for Gold was clearly positive

The undertone for Gold was clearly positive on Thursday. The spot was growing the first part...

  


Share: