Daily chart: This pair fell again to the support at the 1.6046 level. Meanwhile, GBPUSD continues forming a lower high pattern, so our bullish outlook is still alive. It is very likely that this pair will rise to the resistance level at 1.6146, but we must be pending before a further fall to support at the 1.5883 level, to fill the gap that appeared a few days ago. The MACD indicator remains in extreme overbought zone and entering neutral territory.
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Friday, September 27, 2013
GBPUSD: Daily analysis for September 27, 2013
Daily chart: This pair fell again to the support at the 1.6046 level. Meanwhile, GBPUSD continues forming a lower high pattern, so our bullish outlook is still alive. It is very likely that this pair will rise to the resistance level at 1.6146, but we must be pending before a further fall to support at the 1.5883 level, to fill the gap that appeared a few days ago. The MACD indicator remains in extreme overbought zone and entering neutral territory.