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GBPUSD Followup – Forex Chart Alert

June 20, 2013 9:33 am GMT+0  in Chart Alert

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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)

GBP/USD Hourly chart - support at 55-day EMA

 

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

GBP/USD support at 55-day EMA- daily chart

Please check other Forex chart alerts also. Please note that the previous above mentioned alert was filed under Forex analysis category by mistake.

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