GBPUSD Daily Analysis – September 18, 2014
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
After consolidation, EURUSD broke below 1.2859 support and continued its downward movement from 1.3411, and the fall extended to as low as 1.2834.
AUDUSD continued its downward movement from 0.9401 and the fall extended to as low as 0.8938.
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411.
GBPUSD’s bounce from 1.6051 extended to as high as 1.6309, however, the bounce is likely consolidation of the downtrend
The AUDUSD pair initially fell during the course of the day on Tuesday, but found the 0.90 level to be supportive enough to bounce significantly.
GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the rise from 1.6051 could be treated as consolidation of the downtrend.
EURUSD moved sideways in a trading range between 1.2859 and 1.2987.
The AUDUSD pair went back and forth during the course of the day on Monday, showing the 0.90 level to be supportive though, which of course is very important as far as we can see.
EURUSD remains in downtrend from 1.3411, the rise from 1.2859 is likely consolidation of the downtrend.