GBPUSD Followup – Forex Chart Alert
June 20, 2013 9:33 am GMT+0 in Chart Alert
GBP/USD had inched lower and the support came exactly at the level mentioned in this previous GBP/USD Alert.
GBP/USD recent support (hourly chart)
Some more upward consolidation is expected to take place with first resistance near 1.5500 and if that does not hold then near 1.5550/1.5560.
Let’s also see the daily chart which shows the 55-day EMA. The same is as follows with the red line as 55-day EMA line.
GBP/USD daily chart with 55-day EMA
Please check other Forex chart alerts also. Please note that the previous above mentioned alert was filed under Forex analysis category by mistake.