The last week has, we wrote “Difficult to choose and in such circumstances it is best not to ask too many questions, but to play the points that we know, namely, The rebound above 5680/70 for a return towards the top of the range and points 5880/5920 with stoploss above 5650 “and as the Eurodollar, we were treated to a rebound in late weeks of 5620/30 and finally back to 5865 at the highest for closure by 5839.
Parity remains in its ranks began on January 25 with support points on 5680/70 and 5620/30 for 5880 and higher to 5920.
The daily MACD is still bearish without one drop really well on that and no one manages to pass the high points. Under these conditions and without significant figure this week, we might have the same market as the previous weeks, failing to pass one of the points of high or low range.
Also, the better will be to play the points that we know, namely the area of 5880 resistors for a return bearish on 5720/30 and 5680/70 and finally 5630/20 which provide good support points. The sellers put their stoploss above 5895 or 5940 to give a little air.
On the upside, you have to go 5920/30 to go to 5980 which was so far the highest point of beginning of this year. Parity should be maintained above 5820 for us to go above and therefore we will put stoploss to 5790. A passage above 5980, we would come out on top of the range and reach of 1.60/1.61, the next targets on the rise.
Finally, some macroeconomic figures this week and only the larger existing home sales on March 21 and March 23, sales of new homes, we will bring a bit of volatility.
Our tip for the week, We sell in 5880/5920 and buying above for 5980.
We buy 5930/20 for 5980 and 6020
We sell 5880 to 5720/5680
We buy 5720/5680 and 5630/20 to 1.58
Statistics that can influence the currency pair
March 21 Sales of existing homes US
March 23 Sales of new homes
- Technical analysis and forex forecasts GBP-USD for the week of March 26 to 30
- Technical analysis and forex forecasts GBP-USD for the week of February 13 to 17
- Technical analysis and forex forecasts GBP-USD for the week of March 12 to 16
- Technical analysis and forex forecasts GBP-USD for the week of February 20 to 24
- Technical analysis and forex forecasts GBP-USD for the week of February 6 to 10