Currency Pair Analysis GBP/USD 5-13-2015

The GBP/USD currency pair is trending up on the W1 time frame. The analysis indicates that the current resistance is about 1.5750. You can set a price alert there and above that price look for a buy signal on The Forex HeatmapĀ®, to confirm any buys. The 1.5750 area is denoted by the red line. The analysis of this pair was done with some simple trend indicators available to any forex trader, they are exponential moving averages. Then we use multiple time frames by individual currency to perform the analysis.

Currency Pair Analysis GBP/USD 5-13-2015

Currency Pair Analysis GBP/USD 5-13-2015

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