GBP/USD Chart Analysis 11-12-2014

The GBP/USD chart shows that this pair is currently trending down on the largest time frames, like the W1 and MN time frames shown below. Current support level is around 1.5760, shown by the yellow line on the right. You can set a price alert here on your trading platform. When the alert hits check The Forex HeatmapĀ® for a sell signal. Below there we see no nearby support, so the overall pip potential is excellent. The chart analysis on the GBP/USD was performed with moving averages using multiple time frame analysis.

GBP/USD Chart Analysis 11-12-2014

GBP/USD Chart Analysis 11-12-2014

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