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On H4 time frame, we can see that GBPUSD has broken the resistance level at 1.6612 and also the trend line successfully. So, because of those breaking, I think GBPUSD will be possible to go up and reach the next resistance level at 1.6666 or even higher.
GBP / USD tested for reduction in price support level 1.6576, but it broke and now the pair began to rise in price and trading 1.6622, and Stochastic on the hourly chart signals on growth and because I believe that a couple can start a movement to the level of resistance in price 1.6689.
GBP / USD daily callback to 55 moving average above 1.6550 support callback efforts slowed, in recently hit a new high of 1.6821 resistance around the formation of high flag relay form the embryonic form, is expected to continue after the recent adjustment of medium-term rise. From the map hour trend, the last trading day pounds back to build daily flag relay prototype along the above C 1.6560 price support to rebound, the average system still to the formation of suppression, days remain objective decline. However, for low outbreak of strong upward momentum, short-term low won 1.6567 outbreak of the strong rebound in energy support, the current upward momentum has obvious advantage, days still further rebound in demand. Rebound in the short-term resistance at 1.6635.
pair- gbp/usd
chart analysis time frame- m15
the up movement of the price is hit the daily resistance level three at the 1.6711 and now moving down side. as the rsi is also down side. if the price is moved below the 1.6670 then it will continue falling to the support at 1.6575. hold the short trade with stop loss at 1.6750
good luck.
GBPUSD BULLISH 13-MAR-2014 12:00
BULLISH above 1.661 ; moving toward 1.664 and possibly 1.667
Breaking 1.661 will trigger a possiblity to 1.658 and 1.655
Pivot : 1.661
Support : 1.658 1.655
Resistance : 1.664 1.667
Last Price : 1.67132
http://dl.dropbox.com/u/51561036/scr...313-212243.jpg
GBP/USD 3 / 13 / 2014
Resistance 3 1,6736
Resistance 2 1,6706
Resistance 1 1,6686
Pivot Point 1,6618
Support 1 1,6545
Support 2 1,6525
Support 3 1,6495
BUY STOP 1,6686 STOP LOSS 1,6545 TAKE PROFIT 1,6706
SELL STOP 1,6545 STOP LOSS 1,6686 TAKE PROFIT 1,6525
analysis for today 3 / 13 / 2014
GBP/USD (Daily Trade)
Resistance 3 1.6736
Resistance 2 1.6706
Resistance 1 1.6686
Pivot Point 1.6618
Support 1 1.6637
Support 2 1.6617
Support 3 1.6587
BUY STOP 1.6686 STOP LOSS 1.6637 TAKE PROFIT 1.6706 OR 1.6736
standard pivot point calculation
date = march 14.2014
pair = gbp/usd
r3 = 1.6802
r2 = 1.6759
r1 = 1.6691
pp = 1.6648
s1 = 1.6580
s2 = 1.6537
s3 = 1.6469
analysis for today 3 / 14 / 2014
GBP/USD
Resistance : R1 1.6687 R2 1.6712 R3 1.6732 R4 1.6762
Support : S1 1.6550 S2 1.6525 S3 1.6505 S4 1.6475
Open : 1.6623
High : 1.6625
Low : 1.6612
Range : 13 Pips
Running Price : 1.6613
Strategy : SELL at the level 1.6613 stop loss at the level 1.6687 target take profit at the level 1.6505 or at the level 1.6475
GBPUSD fell in the last US session and as the result now GBPUSD is moving around 1.6612 support level. I think according to the previous movement, GBPUSD will be possible to break 1.6612 support level and continue falling to the next support level at around 1.6560.