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11 Feb 2016
GBP/USD: mildly bullish above 1hr 20 sma - FXStreet
Valeria Bednarik, chief analyst at FXStreet explained the technically conditions surrounding GBP/USD.
Key Quotes:
"Technically, the 1 hour chart shows that the price is advancing above a mild bullish 20 SMA, while the technical indicators are heading north after bouncing from their mid-lines, supporting some further gains, should the price finally break above the mentioned resistance.
In the 4 hours chart, the Momentum indicator head strongly higher, while the 20 SMA has provided short term support ever since the day started, currently at 1.4460."
Key Quotes:
"Technically, the 1 hour chart shows that the price is advancing above a mild bullish 20 SMA, while the technical indicators are heading north after bouncing from their mid-lines, supporting some further gains, should the price finally break above the mentioned resistance.
In the 4 hours chart, the Momentum indicator head strongly higher, while the 20 SMA has provided short term support ever since the day started, currently at 1.4460."