Gbp/Usd

what do you think about the current situation of gbp? would it consolidate on the current resistance level or breakdown further?

pair- gbp/usd
chart analysis time frame- m15

http://i59.tinypic.com/2da0kxs.jpg

the price movement setup the descending triangle chart pattern with having the support at 1.6810 level and its up movement break the resistance at 1.6825 level with the parabolic sar up signal. we can long with target above daily pivot point 1.6843 and stop loss at the 1.6800
good luck

For the USA market is likely to experience a slight correction GBPUSD rose to the level of 1.6872 - 1.6897 or even higher than that, because the moving average indicator has been cut, and if the lines are cut larger then most likely there will be a new trend.

http://s28.postimg.org/fkr22etul/bieela_2014_08_04.jpg

http://prntscr.com/49pgt3
analysis for today 8 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 8 / 4 / 2014
OPEN 1.6829
HIGH 1.6862
LOW 1.6813
CLOSED 1.6862

The third resistance (R3) 1.6862 -( 1.6846 - 1.6813 = 0.0033 x 2 = 0.0065 )= 1.6927
The second Resistance (R2) 1.6846 + 1.6862 - 1.6813 = 1.6895
First resistance (R1) 1.6846 x 2 = 3.3691 - 1.6813 = 1.6878
pivot points 1.6862 + 1.6813 + 1.6862 = 5.0537 / 3 = 1.6846
Support for the first (S1) 1.6846 x 2 = 3.3691 - 1.6862 = 1.6829
Support second (S2) 1.6846 -( 1.6862 - 1.6813 = 0.0049 ) = 1.6797
Third Support (S3) 1.6813 -( 1.6862 - 1.6846 = 0.0016 x 2 = 0.0033 )= 1.6780

http://prntscr.com/49si95
analysis for today 8 / 5 / 2014
GBP/USD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.6843
Retracement (50%) 1.6838
retracement (61,8%) 1.6832

Extensions (61.8%) 1.6892
Extensions (100.0%) 1.6911
Extensions (138.2%) 1.6930
Extensions (161.8%) 1.6941
calculation based on a Fibonacci retracement then today I choose buy

pair- gbp/usd
chart analysis time frame- m15

http://i57.tinypic.com/24es4ya.jpg

the price is moving down side but hold at the fibo support level 61.8 and moving up side with making double bottom chart pattern. we can long this with parabolic sar long signal with the profit target at 1.6700 and the stop loss at 1.6840

good luck

yeah i think GBP is now in too much high rates and expected for selling. its exepcted sell point is 1.6768 in this week so sell it and take profit upto 1.6768 because the EUR is in too much low position its time to buy EUR

http://prntscr.com/49zt4c
analysis for today 8 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 8 / 5 / 2014
OPEN 1.6861
HIGH 1.6888
LOW 1.6844
CLOSED 1.6885

The third resistance (R3) 1.6888 -( 1.6872 - 1.6844 = 0.0028 x 2 = 0.0057 )= 1.6945
The second Resistance (R2) 1.6872 + 1.6888 - 1.6844 = 1.6916
First resistance (R1) 1.6872 x 2 = 3.3745 - 1.6844 = 1.6901
pivot points 1.6888 + 1.6844 + 1.6885 = 5.0617 / 3 = 1.6872
Support for the first (S1) 1.6872 x 2 = 3.3745 - 1.6888 = 1.6857
Support second (S2) 1.6872 -( 1.6888 - 1.6844 = 0.0044 ) = 1.6828
Third Support (S3) 1.6844 -( 1.6888 - 1.6872 = 0.0016 x 2 = 0.0031 )= 1.6813

well...i'm a position trader and i will not be getting onto long until GBPUSD reaches 1.6750.
currently im in short for two positions 1.7190 and 1.7145

---------- Post added at 02:48 PM ---------- Previous post was at 02:14 PM ----------

here is my prediction for day traders

GBP/USD
Risk reward: 1.78
Trend: Down
Sell at 1.6879 SL 1.6911 TP 1.6822

support and resistance
GBP/USD 1.6810, 1.6788, 1.6753 – 1.6948, 1.6970, 1.7005

---------- Post added at 02:50 PM ---------- Previous post was at 02:48 PM ----------

here is my prediction
GBP/USD
Risk reward: 1.78
Trend: Down
Sell at 1.6879 SL 1.6911 TP 1.6822

support and resistance
GBP/USD 1.6810, 1.6788, 1.6753 – 1.6948, 1.6970, 1.7005

---------- Post added at 03:09 PM ---------- Previous post was at 02:50 PM ----------

http://i61.tinypic.com/10i8ozp.png

waiting eagerly to break this

---------- Post added at 03:45 PM ---------- Previous post was at 03:09 PM ----------

http://i61.tinypic.com/ix5s77.png

Hi I think the breakout of the doji type candle does it for me,,we have to see where this candle closes.

pair- gbp/usd
chart analysis time frame- m15

http://i62.tinypic.com/wjxswk.jpg

the down movement of the price is not able to break the daily support at 1.6829 level and again moving up side. the parabolic sar is in up side and rsi is toward the 70 level. this up movement can expected to the 1.6875 level. long with stop loss at 1.6815

good luck