FORECAST BY MARIUS GHISEA- GBP/USD (February 15-19)

The GBP/USD currency pair is below EMA50 on the daily chart and that means this pair stays into a downtrend. The stochastic oscillator may fall to level 20, in order to form a new down wave for the price action.

GBPdaily-page-001

According to the 8 hour chart, the GBP/USD pair is into a range between 1.44 and 1.45. If this pair breaks out of its range at 1.44, it may go down to 1.41 in the medium term.

GBP8h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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