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GBPUSD: WAVE ANALYSIS FOR MAY 12, 2015

Posted on May 12, 2015 09:33

Sterling crossed the high of 26th February,2015 (1.5551) and closed above this level yesterday. This pair is getting stronger day by day. Great British Pound stronger more than 1000 pips since 13th April,2015.

Ichimoku cloud is indicating strong bullish trend for this pair in h1, and d1 graph. In daily graph senko span act as a good support for this pair near 1.5510 . In h1 graph tenken sen has crossed Kijun sen and their crossover is also a good indication. Senko span B is below then Senko Span A and this is a clear bullish sign.

As we mentioned yesterday that 1.5375 area is a good supporting zone for this pair and yesterday this pair did the same.

Monday, 25 May, 2015 / 12:14

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Source : https://rinvestments.com/forex-forecast/gbpusd-wave-analysis-for-may-12-2015.html

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