SELL GBPUSD 1.3908
SL: 1.3938
TP1: 1.3888
TP2: 1.3868
TP3: 1.3848
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
SELL GBPUSD 1.3908
Timeframe: H1
Step 1 - Previous News: GBP: BOE held monetary policy unchanged, led to disappointment expecting hawkish tone on QE tapering, USD: Final GDP q/q no change, Unemployment Claims slight decline
Step 2 - Trend: Down to Across, Counter Trend
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow turning
- Stochastic: H4 heading up
- PSAR: near bearish
Step 5 - Upcoming News: GBP: -, USD: -
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