EN-GBPUSD-20150924-M

Trading Signal - 24/09/2015 - 10:00 (GMT +3)

Instrument: GBPUSDby: Chief Technical Strategist Avramis Despotis

Previous Close 1.5274

Change 0.26 %

Current 1.5274

52 Week High 1.6179

52 Week Low 1.4566

30 Days ATR 0.0073

40 Weeks ATR 0.0213

Time Trend & Condition Support & Resistances CommentsPosition &

TradeProbability

Entry, Take Profit & StopLoss Levels

60minCHART

·Next 3Days

Downwards Strong·

Overbought 1

1.5210 1.5300

1.5180 1.5350

1.5130 1.5440

Waiting for a retracement highertowards the 1.5300 resistancelevel, or alternatively the break ofthe 1.5210 support level, in orderto reinstate SHORT positions.

Position Entry SL

SELL - -

Trade P. TP1 TP2

- 1.5180 1.5130

240minCHART

·Next 3Weeks

Downwards Strong·

Oversold 1

1.5210 1.5350

1.5150 1.5450

1.5000 1.5550

Waiting for a retracement highertowards the 1.5350 resistancelevel in order to reinstate SHORTpositions.

Position Entry SL

SELL - -

Trade P. TP1 TP2

- - -

DailyCHART

·Next 3Months

Downwards Weak·

Oversold 1

1.5176 1.5361

1.4878 1.5659

1.4396 1.5957

The market is testing resistanceat 1.5361. We are waiting to seereversal signals in order toreinstate SHORT positions, oralternatively the downward breakof the 1.5176 support level. Nextimportant resistance the 1.5659level.

Position Entry SL

SELL - -

Trade P. TP1 TP2

- 1.4878 1.4396

Legal Disclaimer: All trading signals provided are general recommendations. They have not been prepared in accordance with the requirements designed to promote the independence ofinvestment research.

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