Monday 29 June 2015

GBP/USD Opened With A Gap And Recovered It




After the Greek drama during the weekend most pairs opened with a gap and GBP/USD was no exception. However, the pair managed to recover the gap and even continued climbing after that, reaching the resistance at 1.5790, which wasn’t all that surprising considering the doji candlestick above the support at 1.5650 visible on the daily filter chart. For the moment I would say that I expect a further move to the upside so the pair can test the resistance at 1.5790 again, but considering the situation in Greece and its effect on the market I would be very cautious while trading this week.
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6 comments:

  1. Unknown29 June 2015 at 12:07

    Intersting analysis, thank you.

    ReplyDelete
  2. Unknown29 June 2015 at 15:37

    Greece situation is still the main focus this week.

    ReplyDelete
  3. Unknown30 June 2015 at 08:14

    Let's see how it reacts to non farm payrolls.

    ReplyDelete
  4. Unknown30 June 2015 at 11:17

    Thank you for this informative analysis!

    ReplyDelete
  5. Rozen2 July 2015 at 09:01

    Useful information, thanks.

    ReplyDelete
  6. Unknown5 July 2015 at 13:17

    Very useful analysis. thank you for sharing.

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