GBPUSD pair price is rebounding and is breaking above its resistance. So, my preference: Long positions above 1.6240 with targets @ 1.6362. Alternative scenario: Below 1.6240 look for further downside with 1.6180 as target.
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GBPUSD pair price is rebounding and is breaking above its resistance. So, my preference: Long positions above 1.6240 with targets @ 1.6362. Alternative scenario: Below 1.6240 look for further downside with 1.6180 as target.
I think that the price will continue this upside mouvement till it reach the resistance level at 1.6463, that's why we can get in short position now.
http://i.imgur.com/ZToAjQZ.png
Trading analysis for dated 19th September, 2014. In Daily chart GBPUSD shows bullish trend. At present GBPUSD breaks 1st and 2nd resistance levels and going towards the 3rd resistance level. If 3rd resistance level breaks then next strong resistance level is 1.67172.
Pivot: 1.63487
Resistance levels
R1 1.64520
R2 1.65107
R3 1.66140
R4 1.67172
Support levels
S1 1.62900
S2 1.61867
S3 1.61280
S4 1.60692
Attachment 11652
pair- gbp/usd
chart analysis time frame- h4
http://i62.tinypic.com/2z6xws0.jpg
the price is having down trend signal with parabolic sar with making doji pattern at the daily resistance 1.6513 level. the movement of the rsi is also down side. this will again its major down trend side. short with take profit at 1.6100 and stop loss at 1.6600
good luck
As we can see the price is a above an ascending trendline, also the 50.0 level of fibonacci ratios will not allow it to fall that's why we should look only for long opportunities.
http://i.imgur.com/qRB0det.png
Elliot wave shows the direction like you analyzed also still not get the upside movement that we looking after revel the results of Scotland referendum . i feel in next week end we can see 1.6550 before Friday ,happy tradingQuote:
Originally Posted by Gamabunta
cci(14) : -61.558
bulls (13) : -0.002
i see the in pair down trend
so i will sell from : 1.6288
and my target today is : 1.6088
good luck
Weekly forecast: GBPUSD 22-26 Sep. 2014.
Trading analysis for weekly forecast for GBPUSD 22-26 Sep. 2014. In weekly chart GBPUSD come to the 1st support level and after that it return from 1st support level. At present GBPUSD is little bit below from the pivot point. So it is not clear to identify bullish or bearish. Therefore it is important to break support or resistance to identify the trend where it is bullish or bearish.
Pivot: 1.63236
Resistance levels
R1 1.64863
R2 1.66859
R3 1.68486
R4 1.70113
Support levels
S1 1.61240
S2 1.59613
S3 1.57617
S4 1.55621
Attachment 11668
Daily forecast: GBPUSD 22 Sep. 2014.
Trading analysis for Daily forecase of GBPUSD 22 September, 2014. In Daily chart GBPUSD is flat. At present GBPUSD on the pivot point. It is important to break support or resistance levels to identify the trend.
Pivot: 1.63645
Resistance levels
R1 1.64454
R2 1.66041
R3 1.66850
R4 1.67659
Support levels
S1 1.62058
S2 1.61249
S3 1.59662
S4 1.58075
Attachment 11678
I think that we should wait the price till he break the red trendline decree below than we get in a short position with take profit at 1.6055.
http://i.imgur.com/oaBzVxK.png