Written By : ForexAbode.com || Monday, 15 June 2015 05:46 GMT

GBP/USD Analysis - June 15, 2015

Current Exchange Rate: 1.5505 at the time of analysis update.

Intraday outlook: Neutral or GBP/USD..

For taking a trading position we would stay neutral till a break below 1.5467 takes place but we are expecting further decline if resistance below 1.5520 holds. With a resistance below 1.5520 and with any break below 1.5467 we expect further decline first towards 1.5440/1.5455 support  zone.

GBP/USD Daily and Hourly Charts

GBP/USD Hourly Chart      

GBP/USD Daily Chart      

GBP/USD technical analysis - daily chart - June 15, 2015

GBPUSD daily support and resistance trend line.

Further Resources and notes

Note 1: Please also take a look at GBP/USD forecast for mid-term trading approach updated on the weekends.

Note 2: Please subscribe to the analysis newsletter so that we can send email alerts as soon as we update the the same.

You may also share and check any GBP/USD chart alerts in the blog section and GBP/USD market sentiments in Forex forum and Forex blog.

 
GBP/USD Interest rate Comparison
(For Carry Trades)
Pound sterling (GBP) interest rate
0.50%
U.S. dollar (USD) interest rate
0.25%
GBP/USD interest Rate Comparison
0.25%

GBP/USD Resistance and Support with Daily Pivot Points (Values at GMT 00:00)

Last Updated (Monday, 15 June 2015 06:36) GMT

Standard Pivot Point for GBP/USD Fibonacci Pivot Point for GBP/USD Woodie Pivot Point for GBP/USD Camarilla Pivot Point for GBP/USD
R3 1.5741 R3 1.567     R3 1.5587
R2 1.567 R2 1.562 R2 1.5673 R2 1.5575
R1 1.561 R1 1.5589 R1 1.5617 R1 1.5563
Pivot 1.5539 Pivot 1.5539 Pivot 1.5542 Pivot 1.5539
S1 1.5479 S1 1.5489 S1 1.5486 S1 1.5539
S2 1.5408 S2 1.5458 S2 1.5411 S2 1.5527
S3 1.5348 S3 1.5408     S3 1.5515
Open 1.5516 Open 1.5516 Open 1.5516 Open 1.5516
High 1.5598 High 1.5598 High 1.5598 High 1.5598
Low 1.5467 Low 1.5467 Low 1.5467 Low 1.5467
Close 1.5551 Close 1.5551 Close 1.5551 Close 1.5551

GBP/USD's Correlations with other currency majors

GBP/USD Correlation Values:
 
GBP/USD
P
e
r
i
o
d
G
B
P
/
U
S
D
AUD
/USD
EUR
/CHF
EUR
/GBP
EUR
/JPY
EUR
/USD
NZD
/USD
USD
/CAD
USD
/CHF
USD
/JPY
1
W
e
e
k
1 0.61 0.58 0.26 0.47 0.77 0.26 -0.77 -0.51 0.25
1
M
o
n
t
h
1 -0.81 -0.81 -0.82 0.17 0.36 0.64 -0.76 -0.57 -0.21
1
Y
e
a
r
1 0.28 -0.81 -0.94 0.85 0.9 0.88 0.65 -0.94 0.69

GBP/USD Correlation Graph:
 
0.61
   
0.28
   
 
0.58
   
-0.81
   
 
0.26
   
-0.94
   
 
0.47
   
0.85
   
 
0.77
   
0.9
   
 
0.26
   
0.88
   
 
-0.77
   
0.65
   
 
-0.51
   
-0.94
   
 
0.25
   
0.69
   
   
0.61
   
0.28
 
   
0.58
   
0.81
 
   
0.26
   
0.94
 
   
0.47
   
0.85
 
   
0.77
   
0.9
 
   
0.26
   
0.88
 
   
0.77
   
0.65
 
   
0.51
   
0.94
 
   
0.25
   
0.69

Notes and caution about Forex analysis for GBP/USD

The daily GBP/USD analysis is not just based on technical indicators but also takes into account the overall price action and other aspects which can affect the Forex market in general and GBP/USD price action specifically. Please also note that many times the price mentioned at the time of analysis update maybe different than the entry level suggested. These positions would mean limit orders for buying or short-selling. Hence please do not treat this analysis just as trading signals for GBP/USD.

However, please note that the analysis reflects our views about the currency market based various factors. Forex trading is a speculative market and the price may always have unpredictable moves. We cannot take the responsibility for any losses dues to and positions taken based on our views.

Please check the current GBP/USD Exchange Rate.

Check any Real-Time GBP/USD Trades in Forum.

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