EN-GBPUSD-20150828-A

8/18/2019 EN-GBPUSD-20150828-A

http://slidepdf.com/reader/full/en-gbpusd-20150828-a 1/1

Trading Signal - 28/08/2015 - 16:00 (GMT +3)

Instrument: GBPUSD

by: Chief Technical Strategist Avramis Despotis

Previous Close 1.5399

Change -0.11 %

Current 1.5399

52 Week High 1.6368

52 Week Low 1.4566

30 Days ATR 0.0083

40 Weeks ATR 0.0206

Time Trend & Condition Support & Resistances CommentsPosition &

TradeProbability

Entry, Take Profit & StopLoss Levels

60minCHART

·Next 3Days

Downwards Strong·

Neutral

1.5360 1.5480

1.5320 1.5540

1.5260 1.5650

The market is testing resistanceat 1.5480. We are waiting to seereversal signals in order toreinstate SHORT positions, oralternatively the downward breakof the 1.5360 support level. Next

important resistance the 1.5540level.

Position Entry SL

SELL - -

Trade P. TP1 TP2

- 1.5320 1.5260

240minCHART

·Next 3Weeks

Downwards Strong·

Neutral

1.5320 1.5540

1.5020 1.5650

1.4930 1.5820

Waiting for a retracement highertowards the 1.5540 resistancelevel in order to reinstate SHORTpositions.

Position Entry SL

SELL - -

Trade P. TP1 TP2

- - -

DailyCHART·

Next 3Months

Downwards Strong·

Oversold 1

1.5330 1.5930

1.5116 1.6300

1.4770 1.6900

A Medium probability, entry

signal to go LONG was given at1.5690 after the market foundsupport at 1.5330. Only thedownward break of 1.5330 wouldcancel the bullish scenario.

Position Entry SL

LONG 1.5690 1.5330

Trade P. TP1 TP2

Medium 1.6300 1.6900

Legal Disclaimer: All t rading signals provided are general recommendations. They have not been prepared in accordance wit h the requirements designed to promote the independence of

nvestment research.

12, Richard & Verengaria Street Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus P.O.Box 50626, 3608 Limassol, Cyprus