GBPUSD intraday forecast (technical side) 2016-05-20

20 May 2016, 07:00
oleksandr bilokon
0
24

Chart:https://bi0l.blogspot.com/2016/05/gbpusd-intraday-forecast-technical-side.html

Calculated level for today:

 Support (S1 / S2 / S3 = 1,45717 / 476/076), resistance (R1 / R2 / R3 = 1,46496 / 737 / 1.47126).

Key support levels (1st from 1.45366 to 1.46076 in the late afternoon, 2nd from 1.45101 to 1.45322).

OsMa marked divergence indicator and decreased activity of bulls, which provides the basis for planning of trading correction.

Given the state of neutral oscillators Stochastics, forward test (down H1), the key levels of support, (EMA 24 daily), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For short-term sales correction, provided the formation of reversal of (down H1), or rollback of (up H1 broken, R1, R2, R1 MN), they can be the key levels of support and (S1, S2), and provided the breakdown to levels ( S3, EMA120, R1-W1 broken, Up H4), or even EMA120, up H4).

For alternative shopping on condition of formation of reversal (S1, S2, EMA120), is the target levels (down H1), provided the breakdown to (up H1 broken, R1, R2, R1 MN). 

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