Gbp/Usd

analysis for today 5 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 5 / 23 / 2014
OPEN 1.6869
HIGH 1.6874
LOW 1.6812
CLOSED 1.6829

The third resistance (R3) 1.6874 -( 1.6838 - 1.6812 = 0.0026 x 2 = 0.0053 )= 1.6927
The second Resistance (R2) 1.6838 + 1.6874 - 1.6812 = 1.6900
First resistance (R1) 1.6838 x 2 = 3.3677 - 1.6812 = 1.6865
pivot points 1.6874 + 1.6812 + 1.6829 = 5.0515 / 3 = 1.6838
Support for the first (S1) 1.6838 x 2 = 3.3677 - 1.6874 = 1.6803
Support second (S2) 1.6838 -( 1.6874 - 1.6812 = 0.0062 ) = 1.6776
Third Support (S3) 1.6812 -( 1.6874 - 1.6838 = 0.0036 x 2 = 0.0071 )= 1.6741

As expected gbp/usd pair continued falling down towards the support level 1.6814, now the price is making a correction towards the resistance level 1.6854 level, then i expect the bears to take over the market again, target may be the support level at 1.6773

Trading Signal - 26/05/2014 - 10:00 GMT +3
Instrument: GBPUSD
60min CHART
Downwards Weak
The market is testing resistance at 1.6840. We are waiting to see reversal signals in order to reinstate SHORT positions. Next important
resistance the 1.6860 level.
Support & Resistances
1.6810 1.6840
1.6770 1.6860
1.6710 1.6880

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analysis for today 5 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 5 / 26 / 2014
OPEN 1.6836
HIGH 1.6852
LOW 1.6825
CLOSED 1.6842

The third resistance (R3) 1.6852 -( 1.6840 - 1.6825 = 0.0015 x 2 = 0.0029 )= 1.6881
The second Resistance (R2) 1.6840 + 1.6852 - 1.6825 = 1.6867
First resistance (R1) 1.6840 x 2 = 3.3679 - 1.6825 = 1.6854
pivot points 1.6852 + 1.6825 + 1.6842 = 5.0519 / 3 = 1.6840
Support for the first (S1) 1.6840 x 2 = 3.3679 - 1.6852 = 1.6827
Support second (S2) 1.6840 -( 1.6852 - 1.6825 = 0.0027 ) = 1.6813
Third Support (S3) 1.6825 -( 1.6852 - 1.6840 = 0.0012 x 2 = 0.0025 )= 1.6800

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pair- gbp/usd
chart analysis time frame- m15

http://i57.tinypic.com/11lsuo3.jpg

the macd indicator showing strong down trend and in the price chart its break the support or daily pivot point 1.6839 level. this is making doji pattern so up movement can expected if the price is move above the 1.6830 level. hold the short entry with take profit at 1.6800
good luck.

GBPUSD the closest resistance level that I can see would be 1.6848 so if the price reached it then without doubt it's gonna be a good point to start buying, that is if the level was passed using the candle stick of course. And as for the closest support level, I think 1.6834 would act as a strong one so it would be a good idea to start selling once it got penetrated by the candle stick .

GBPUSD BEARISH 27-MAY-2014 12:00
BEARISH below 1.684 ; moving toward 1.684 and possibly 1.682
Breaking 1.684 will trigger a possiblity to 1.686 and 1.688

Pivot : 1.684
Support : 1.684 1.682
Resistance : 1.686 1.688
Last Price : 1.68183


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analysis for today 5 / 28 / 2014
GBP/USD (Daily Trade)
I think the movement is still in a bearish trend
replacement (38.2%) 1.6875
Retracement (50%) 1.6882
retracement (61,8%) 1.6889

Extensions (61.8%) 1.6813
Extensions (100.0%) 1.6789
Extensions (138.2%) 1.6765
Extensions (161.8%) 1.6751
calculation based on a Fibonacci retracement then today I choose sell

the GBPUSD Analysis for 5/29/2014 it seems that the direction will be Down about the levels we have a strong support at :
1.6697 which may stop the price from going down, But it will also be a good place to sell if the candle closes below it, On the other hand the Level 1.6761 acts as strong resistance which could be considered a strong place to buy from if broken.
http://uploadyourimages.org/upload/s...66fd0f3c15.JPG

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analysis for today 5 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 5 / 28 / 2014
OPEN 1.6808
HIGH 1.6814
LOW 1.6697
CLOSED 1.6709

The third resistance (R3) 1.6814 -( 1.6740 - 1.6697 = 0.0043 x 2 = 0.0086 )= 1.6900
The second Resistance (R2) 1.6740 + 1.6814 - 1.6697 = 1.6857
First resistance (R1) 1.6740 x 2 = 3.3480 - 1.6697 = 1.6783
pivot points 1.6814 + 1.6697 + 1.6709 = 5.0220 / 3 = 1.6740
Support for the first (S1) 1.6740 x 2 = 3.3480 - 1.6814 = 1.6666
Support second (S2) 1.6740 -( 1.6814 - 1.6697 = 0.0117 ) = 1.6623
Third Support (S3) 1.6697 -( 1.6814 - 1.6740 = 0.0074 x 2 = 0.0148 )= 1.6549