Trading Signal - 05/06/2015 - 10:00 (GMT +3)Instrument: GBPUSDby: Chief Technical Strategist Avramis Despotis

Previous Close 1.5354

Change -0.06 %

Current 1.5356

52 Week High 1.7168

52 Week Low 1.4566

30 Days ATR 0.0108

40 Weeks ATR 0.0196

Time Trend & Condition Support & Resistances Comments Position & TradeProbabilityEntry, Take Profit & Stop

Loss Levels

60minCHART

Next 3Days

Upwards StrongNeutral

1.5330 1.5440

1.5260 1.5530

1.5160 1.5570

The market is in an uptrend andwe are waiting for an entry signalto go LONG above the 1.5440resistance level. Only thedownward break of 1.5330 wouldcancel the bullish scenario andtake us SHORT.

Position Entry SL

BUY 1.5400 1.5330

Trade P. TP1 TP2

Medium 1.5390 1.5444

240minCHART

Next 3Weeks

Upwards WeakNeutral

1.5330 1.5444

1.5171 1.5612

1.5003 1.5885

A Medium probability, entrysignal to go SHORT will be givenwith the downward break of1.5330 after the market foundresistance at 1.5444. Only theupward break of 1.5444 wouldcancel the bearish scenario.

Position Entry SL

SELL 1.5330 1.5444

Trade P. TP1 TP2

Medium 1.5171 1.5003

DailyCHART

Next 3Months

Upwards WeakNeutral

1.5150 1.5820

1.4870 1.6020

1.4560 1.6350

A Medium probability, entrysignal to go LONG was given at1.5375 after the market foundsupport at 1.5150. Only thedownward break of 1.5150 wouldcancel the bullish scenario andtake us SHORT.

Position Entry SL

LONG 1.5375 1.5150

Trade P. TP1 TP2

Medium 1.6212 1.6880

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Trading Signal - 05/06/2015 - 10:00 (GMT +3)Instrument: GBPUSDby: Chief Technical Strategist Avramis Despotis