Printable View
Daily Analysis for GBP/USD
GBP/USD flat correction down 1.6706, much higher, testing second daily resistance (1.6816).
Elliott 1.6842
Closing 1.6791
Ex-Low 1.6774
Ex-High 1.6801
Support 1 1.6776
Support 2 1.6762
Resistance 1 1.6803
Resistance 2 1.6816
All the currency pairs that are in the forex field are so much worthy for the traders but it depends on the trader that which of the currency pair he chooses. This pair is also one of the best pair in which the trader can easily predict the movement of the market and can open that trades which may cause him to get a huge profit.
Trading analysis for 22nd April, 2014. In Daily chart GBPUSD shows flat. At present the price is little bit below from the pivot point.
Pivot: 1.67969
Resistance levels
R1 1.68111
R2 1.68318
R3 1.68460
R4 1.68603
Support levels
S1 1.67762
S2 1.67620
S3 1.67413
S4 1.67207
Attachment 10726
analysis for today 4 / 22 / 2014
GBP/USD
Resistance : R1 1.6860 R2 1.6885 R3 1.6905 R4 1.6935
Support : S1 1.6720 S2 1.6695 S3 1.6675 S4 1.6645
Open : 1.6790
High : 1.6795
Low : 1.6785
Range : 10 Pips
Running Price : 1.6785
Strategy : SELL at the level 1.6785 stop loss at the level 1.6860 target take profit at the level 1.6675 or at the level 1.6645
The impact of 1.6841 highs above 1.6773, is now in finishing a narrow range, technical maintenance call, above 1.68 will further test 1.6841. The exchange rate is in the neighborhood wide oscillation interval top 08 years since the financial crisis, chasing the high risk. If it breaks below 1.6773, will likely to 1.6740 near the 10 day moving average and 20 day moving average near 1.6700 for support. Try the 1H below 1.6773, the light warehouse short, short-term objectives 1.67.
Trading strategies: try 1H below 1.6773 the light warehouse short, short-term objectives 1.67.
On H4 time frame, we can see there's a bearish engulfing which also a false break out from the resistance level at 1.603. So, in other word, GBPUSD has been rejected by that resistance. Because of that, now GBPUSD is falling and I think this pair will be possible to reach the support level at 1.6760.
Daily analysis for GBPUSD 22-04-2014
Any possible decline should be supported around 1.6777 - 1.6762 zone for rally to above 1.6834. A clear break of 1.6740 will damage this expected rally.
Key Point 1.6787
Entry Point 1.6787
Trendline 1 1.6783
Trendline 2 1.6791
Support 1 1.6776
Support 2 1.6761
Resistance 1 1.6814
Resistance 2 1.6839
GBP/USD hit once again the 1.6820 (R1) and moved lower. Considering that the negative divergence between our momentum studies and the price action is still in effect, I would expect further retracement. On the daily chart we can identify a shooting star candle formation, increasing the probabilities for the continuation of the corrective wave. Nonetheless, in the bigger picture, the currency pair remains within the upward sloping channel, keeping the long-term outlook to the upside.
Support: 1.6775 (S1), 1.6700 (S2), 1.6600 (S3).
Resistance: 1.6820 (R1), 1.6885 (R2), 1.7000 (R3).
http://www10.0zz0.com/2014/04/22/07/859456118.png
The gbp/usd daily charts in support of average system to maintain medium-term rise. From the map hour trend, pounds (1.6792, 0, 0%) around the average system repeatedly through, to keep short-term sideways turbulence rhythm, fluctuations in the range of 1.6770-1.6840, is expected on the inner interval along the support with the interval to the rhythm of running.
GBPUSD BULLISH 22-APR-2014 12:00
BULLISH above 1.680 ; moving toward 1.682 and possibly 1.683
Breaking 1.680 will trigger a possiblity to 1.678 and 1.676
Pivot : 1.680
Support : 1.678 1.676
Resistance : 1.682 1.683
Last Price : 1.68230
http://dl.dropbox.com/u/51561036/scr...422-210145.jpg