British Pound/USD 4H (10.08.2014) Technical Analysis Training
GBPUSD 4H Diagram Technical Analysis shows the following:
The GBPUSD has made a short term decline under the resistance red line. The daily diagram is absolute bearish.
MACD is forcing bearish again under the zero line and RSI is oversold.
We have no special candlestick pattern. The pair is under the KUMO, the Kijun Sen (blue line) and the Tenkan Sen (green line) too.
There is no special pattern. The fib from 1.71648 to 1.70412 shows a 3.618 level of next target @ 1.672.
Short for 1.672 and wait for some consolidations toward to KijunSen there. Stop loss above the resistance line.
The GBPUSD has made a short term decline under the resistance red line. The daily diagram is absolute bearish.
MACD is forcing bearish again under the zero line and RSI is oversold.
We have no special candlestick pattern. The pair is under the KUMO, the Kijun Sen (blue line) and the Tenkan Sen (green line) too.
There is no special pattern. The fib from 1.71648 to 1.70412 shows a 3.618 level of next target @ 1.672.
Short for 1.672 and wait for some consolidations toward to KijunSen there. Stop loss above the resistance line.
