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15 Dec 2014
Sellers drag GBP/USD lower - FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, notes that sellers in the 1.5750 dragged the GBP/USD pair below the 1.5700 handle, anticipating the pair to slide down towards 1.5610 levels on a break below 1.5650.
Key Quotes
“The GBP/USD pair presents a clear bearish tone, and is hovering a few pips above its daily low of 1.5644. Sellers in the 1.5750 price zone finally won the battle, sending price through the 1.5700 figure, were stops got triggered fueling the slide.”
“In the 1 hour chart, price extends below a bearish 20 SMA while indicators present a clear bearish slope well into negative territory.”
“In the 4 hours chart indicators present a mild bearish tone as per heading lower around their midlines, whilst 20 SMA caps the upside around the mentioned 1.5700 level.”
“Another attempt below 1.5650 should anticipate a steadier decline towards 1.5610 price zone, base of these last days’ range.”
Key Quotes
“The GBP/USD pair presents a clear bearish tone, and is hovering a few pips above its daily low of 1.5644. Sellers in the 1.5750 price zone finally won the battle, sending price through the 1.5700 figure, were stops got triggered fueling the slide.”
“In the 1 hour chart, price extends below a bearish 20 SMA while indicators present a clear bearish slope well into negative territory.”
“In the 4 hours chart indicators present a mild bearish tone as per heading lower around their midlines, whilst 20 SMA caps the upside around the mentioned 1.5700 level.”
“Another attempt below 1.5650 should anticipate a steadier decline towards 1.5610 price zone, base of these last days’ range.”