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After a bearish movement, now GBPUSD is moving around 1.6507 support level. Then, if GBPUSD can break this support level successfully, it will open a chance for GBPUSD to continue falling and reach the next support level at 1.6443. But if GBPUSD can be rejected by this support, this pair may rebound to the resistance level at 1.6560.
Forex Trading Today
Pair = GBPUSD
Date = Friday, 03.21.2014
Fibonacci Pivot point Result
Resistance 3 = 1.6605
Resistance 2 = 1.6571
Resistance 1 = 1.6550
Pivot point = 1.6517
Support 1 = 1.6483
Support 2 = 1.6462
Support 3 = 1.6429
Market price prediction basaed on the calculation of fibonacci pivot point
buy entry = 1.6496 ,take profit = 1.6584 ,stop loss = 1.6475
sell entry = 1.6538 ,take profit = 1.6450 ,stop loss = 1.6559
The short-term trend: 1.6480 yesterday downlink test support, market outlook if below here very much have the opportunity to test the 1.6430 to 1.6370 area, midline, if can find support the upward trend is expected to continue in here. Below the rising trend will slow down. Above the resistance at 1.6570/85, the key resistance at 1.6650, the breakthrough here can ease the pressure. Expected short-term in 1.6370 to 1.6600 concussion falls, or tend to rise.
I can say this is my favourite currency trading after EUR/USD. This currency is highly liquid. Forex trading with this currency is quite easy and contains less risks from the other cross currencies like usd mexican etc. I personally advise every traders to trade atleast 40 % of their balance on this currency.
gbp/usd bohat acha pair hai mei nay jub bhe trading ki hai ise pair mein ki ha aur hamesha profit earn kiya hai is mein is liye mei is pair ko zaida like karta hun aur yeh hamesha mujhay acha profit deta hai aur zaida tar har koe ise pair pay kaam karta hai aur ache earning karata hai .
MACD (12, 26, 9) the main line and the signal line is located below the zero axis, the relative strength index RSI is located below the 50 equilibrium position. 30 minutes from the map view, the pound against the dollar over the pressure. The top of the pressure 1.6560-1.6605, support 1.6475-1.6430.
Operation: 1.6530 sold, 1.6550 stop loss, profit only 1.6480
Trade forex pivot point calculations based on today's.
Pair = GBPUSD
Date = Friday, March.21.2014
Pivot point Result
Resistance 3 = 1.6647
Resistance 2 = 1.6607
Resistance 1 = 1.6559
Pivot point = 1.6519
Support 1 = 1.6471
Support 2 = 1.6431
Support 3 = 1.6383
Market price prediction
if buy at = 1.6479
take profit = 1.6599
stop loss = 1.6439
is sell at = 1.6567
take profit = 1.6423
stop loss = 1.6615
GBP/USD 3 / 21 / 2014
Resistance 3 1,6632
Resistance 2 1,6602
Resistance 1 1,6582
Pivot Point 1,6503
Support 1 1,6437
Support 2 1,6417
Support 3 1,6387
BUY STOP 1,6582 STOP LOSS 1,6437 TAKE PROFIT 1,6602
SELL STOP 1,6437 STOP LOSS 1,6582 TAKE PROFIT 1,6417
GBPUSD BEARISH 21-MAR-2014 12:00
BEARISH below 1.654 ; moving toward 1.642 and possibly 1.638
Breaking 1.654 will trigger a possiblity to 1.657 and 1.661
Pivot : 1.654
Support : 1.642 1.638
Resistance : 1.657 1.661
Last Price : 1.65037
http://dl.dropbox.com/u/51561036/scr...321-224009.jpg
The daily point of view, the exchange rate to the rise did not touch before the high, showing the top pressure, the exchange rate fell out below the lower band, the formation of shoulders top. The technical specification of the MACD (12, 26, 9) in the vicinity of cross fell to zero over the shaft, the exchange rate has been reversed, RSI (14) running in 50 below. Operation: sell high, sell near 1.6570, stop 30, profit 1.6480, 1.6380