Gbp/Usd

the pair can not break the support level to down way in chart 1h

stochastic refers to up way

so the pair will continue to up way
http://www14.0zz0.com/2013/10/08/18/366659683.png

Hi,,




in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 1.5972
I expect from this analyze that the price will go to down way
so sell from 1.6083 to 1.5972
good luck

I see that the gbp is a great currency that you can make great money from but it has rised to much the last days that is why I see that it may decrease the days to come as a part of correction

the pair broke fibo 61 to down way

stochastic refers to down way also

so the target is sell the pair to fibo 100

if the pair broke fibo 61 to up way we will cancel the down view
http://www12.0zz0.com/2013/10/08/20/114820552.png

My analysist for gbpusd today,09 october 2013 using open price market at 00.00 broker time strategy.
This analysist is using the open market price and using dolly graphic indicator.
With this indicator, we place trapping buy stop and sell stop
pending order today
buy stop 1.6103 tp 1.6123 sl 1.6043
sell stop 1.6063 tp 1.6043 sl 1.6123

may pip always with us

Price has tested the important support around 1.6010 and manage to hold and now I would be looking for a break above 1.6280 for a move towards atleast 1.6447 where two equal swings from 1.5100 will be done and then minor correction towards 1.5730 will be seen but I beleive this uptrend to be intact for long term and we will see if that support hold on correction and then it will be fun riding it

regards
check the chart
http://i1292.photobucket.com/albums/...ps936a80d9.png

the pair trade above the up trend in chart 4h

stochastic refers to up way

moving confirm the up view

so the pair will continue to up way
http://www13.0zz0.com/2013/10/08/23/119999588.png

Daily Fibonacci calculation is only as information to you. This is not a reference or guideline for trade. if there is an error apologize in advance.
Date = 2013.10.09
Pair = GBPUSD
R3 = 1.597
R2 = 1.601
R1 = 1.6035
P = 1.6074
S1 = 1.6114
S2 = 1.6139
S3 = 1.6178

Of observations by the method of technical analysis I have seen of the currency pairs Gbp/Usd and indicators that I use is the Bollinger Bands and fibbo on market time at 05:32.
It is seen that the position of the forex market are on point 1.6075 and there is support and resistance on the
- R3 : 1.6237
- R2 : 1.6181
- R1 : 1.6133
- Pivots : 1.6077
- S1 : 1.6029
- S2 : 1.5973
- S3 : 1.5925

besides Stochastic indicator shows the position of point 25 so that then I highly recommend you to open position BUY with
Take Profit is equal to 1.6095 as well as Stop Loss at point 1.6055
so that the target pips for today I think is at 60 pips

the H1 time frame at 06:00 market watch is charts on currency pairs gbp/usd is showing that
yesterday high at 1.6126 and yesterday low at 1.6022
such as the support resistance on
R3 = 1.6238
R2 = 1.6182
R1 = 1.6134
Pivots = 1.6078
S1 = 1.603
S2 = 1.5974
S3 = 1.5926
and signal ADX is trend down and signal RSI is trend down with today's market position is at point 1.6067
then I strongly recomended you to the open position SELL
consideration for stop loss at 1.6092 and take profit at 1.6042 Good luck all