Trade77; GBPUSD Technical Analysis 7am


Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

As I said in my last article about GBPUSD, 200sma was holding the price and I called a short exactly when that moving average was breached:

In the daily chart below we have got some more important levels:

Price will reach the daily trendline somewhere around 1.5600 and I want to watch it carefully there for a possible bounce and a long position, but if the momentum was powerful and breached it then I will wait for the price to reach 1.5500 level and then bouncing from there, going further up and retest the daily trendline from below and that point would be the best area to go short.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Great Thanks

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  • Anonymous

    Thank you Paul for your comments, I really appreciate them and I’m pretty sure that you going to be a great professional trader very soon.

  • Swolpippen

    Mani, nice call I got in at the 15745 mark. I was in at 15780 but my TP was hit. I’ve been learning hands on about tech analysis from you, Michael & Tim. Thanks