Printable View
Below is hovering around the 1.7000 integer important passes, but in 1.6920 and 1.6880 above keeps higher chance. If the 1.7000 break points are likely to test the 1.7040/60 region, here will become the key to the next trend. Considering the overbought technical chart, we may begin to pound correction alert. Expected short-term trend or remain in the 1.6920 to 1.7040.
GBP / USD daily in the supporting role of average system maintain medium-term rise. From the map hour trend, in support of the average system to keep the short-term gains, short-term high 1.6995 resistance to form secondary rhythm slope gentler on high, expected after short-term adjustment will still continue to rise. In the process of rising short-term support at 1.6860.
Trading Signal - 08/05/2014 - 11:00 GMT +3
Instrument: GBPUSD
60min CHART
Upwards Strong
The TP1 has been reached. We closed 50% of our position and have moved the Stop loss at the lock in profits level (1.6900). Provided the market conditions will remain the same the TP2 will be reached soon.
Support & Resistances
1.6940 1.7000
1.6900 1.7030
1.6850 1.7090
http://dl.dropbox.com/u/51561036/scr...508-223927.jpg
GBP/USD 5 / 8 / 2014
Resistance 3 1.7080
Resistance 2 1.7050
Resistance 1 1.7030
Pivot Point 1.6952
Support 1 1.6876
Support 2 1.6856
Support 3 1.6826
BUY STOP 1.7030 STOP LOSS 1.6876 TAKE PROFIT 1.7050
SELL STOP 1.6876 STOP LOSS 1.7030 TAKE PROFIT 1.6856
GBP / USD daily charts in support of average system maintain medium-term rise. From the map hour trend, the last trading day received £ Euro dragged down, also appeared a certain degree of decline, the average system was down through the objective, direction conversion potential, recent kinetic direction is downward, expected days still callback pressure, but the pound short-term callback process is obvious weaker, expected after short-term adjustment will still continue the rally. The short-term callback process support at 1.6860, resistance 1.6975.
analysis for today 5 / 9 / 2014
GBP/USD
Resistance : R1 1.6989 R2 1.7014 R3 1.7034 R4 1.7064
Support : S1 1.6858 S2 1.6833 S3 1.6813 S4 1.6783
Open : 1.6931
High : 1.6933
Low : 1.6914
Range : 19 Pips
Running Price : 1.6925
Strategy : SELL at the level 1.6925 stop loss at the level 1.6989 target take profit at the level 1.6813 or at the level 1.6783
Below is hovering around the 1.7000 mark integer, focus on the 1.6900 and 1.6880 regions, if below action here pound will weaken, resistance to located at 1.7000 points and 1.7040 goals, upward breakthrough here will point to 1.7200 pounds. For the time being in the 1.6900 and 1.6880 above we cautiously optimistic pound test 1.7000 and above. But as the pound, chart overbought may still lead to pound sharp shock. Forecast day volatility of 1.6900 to 1.7040.
Greetings,
Small "middle-week" recap on GBP/USD "new" situation.
As trend up proceeds MF pivot moves together with the price, that way we constantly go with market where it goes.
http://savepic.net/5404422.jpg
analysis for today 5 / 9 / 2014
GBP/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5047
Retracement (50%) 1.5408
retracement (61,8%) 1.5769
Extensions (61.8%) 1.1989
Extensions (100.0%) 1.0821
Extensions (138.2%) 0.9653
Extensions (161.8%) 0.8931
calculation based on a Fibonacci retracement then today I choose sell
GBP/USD (a 4-hour chart)
9 May 2014
The support is 1.6945, and the next one is 1.6865. The resistance is 1.7005.
Trading recommendations
The current week maximum 1.6990 update can be considered as a signal to upward trend continuation. The levels: 1.7055, 1.7105 will be growth potential targets.
http://dl.dropbox.com/u/51561036/scr...509-215831.jpg