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the pair price already touched daily resistance 1 level 1.6460
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 1.6370
so sell now from 1.6429
the pivot point will be my target
stop loss will be above the resistance 1 level 1.6460
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Fibonacci pivot point
Pair = GBPUSD
Resistance 3 = 1.6502
Resistance 2 = 1.6461
Resistance 1 = 1.6435
Pivot Point = 1.6393
Support 1 = 1.6352
Support 2 = 1.6326
Support 3 = 1.6284
Result this day Tuesday, December 10, 2013
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fibo lines today 10-DEC 2013
fibo 61% = 1.64552
fibo 50% = 1.64434 & fibo 38% = 1.64317
fibo 23% = 1.64172
target buy to 1.64912
target sell to 1.62875
http://www7.0zz0.com/2013/12/10/09/285793090.png
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analysis for today 12 / 10 / 2013
GBP/USD (Daily Trade)
Resistance 3 1.6548
Resistance 2 1.6518
Resistance 1 1.6498
Pivot Point 1.6427
Support 1 1.6384
Support 2 1.6364
Support 3 1.6334
SELL STOP 1.6384 STOP LOSS 1.6498 TAKE PROFIT 1.6364 OR 1.6334
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Daily & weekly support and resistance level
Daily R3 = 1.65684
Daily R2 = 1.65028
Daily R1 = 1.64650
Weekly pivot = 1.63937
Daily pivot = 1.63582
Daily S1 = 1.62846
Daily S2 = 1.62468
Daily S3 = 1.62101
http://www10.0zz0.com/2013/12/10/11/789496498.png
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The pair broke through 1.6438 high level, and given the strong bullish trend growth can still continue. After the breakdown of MA 21 (1.64297) on H1 pair may fall to the MA55 (1.6394) of the same inning.
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Date: 10-12-2013
indicators today : up
if price break up :1.6438
the pair will go to :1.6480
and then go to level :1.6410
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today's high low and gbp/usd pivot points .. please give your opinion and nice method of trading thanks
High 1.6467 Low 1.6418
Pivot Points
S3 S2 S1 Pivot R1 R2 R3
Classic 1.6243 1.6282 1.6355 1.6394 1.6467 1.6506 1.6579
Camarilla 1.6396 1.6406 1.6417 1.6394 1.6437 1.6448 1.6458
Fibonacci 1.6282 1.6325 1.6352 1.6394 1.6437 1.6464 1.6506
Woodie NaN 1.6291 1.6371 1.6402 1.6483 1.6514 NaN
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GBP/USD (a 4-hour chart)
10 December 2013
Bullish trend. Bollinger bands are directed upwards they are changing a direction, turning down.
MACD histogram is in positive zone, its volume grows.
Trading recommendations
We recommend going short with a take-profit at the level 1.6100.
http://dl.dropbox.com/u/51561036/scr...210-220106.jpg
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Pair = GBPUSD
Camarilla pivot point
R4 = 1.6487
R3 = 1.6457
R2 = 1.6447
R1 = 1.6437
S1 = 1.6417
S2 = 1.6407
S3 = 1.6397
S4 = 1.6367
Tuesday, December 10, 2013