I think that the price will fall down to the support level at 1.5311 and will touch the black trendline decree below in the weekly chart than it will rise to the resistance level at 1.6321.
http://i.imgur.com/9VIucIC.png
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I think that the price will fall down to the support level at 1.5311 and will touch the black trendline decree below in the weekly chart than it will rise to the resistance level at 1.6321.
http://i.imgur.com/9VIucIC.png
gbp/usd To day support and resistance date.30/12/2014
Resistance 1:1.5560
Resistance 2:1.5600
Resistance 3:1.5642
Power pivot:1.5535
Support 1:1.5500
Support 2:1.5465
Support 3:1.5431
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.
pair- gbp/usd
analysis time frame- m30
http://i57.tinypic.com/2wmqj5j.jpg
the macd indicator is having up trend signal and in the price chart its down movement is hold at the support 1.5490 level. the price is now break the pivot point at 1.5536 level and moving up. long with profit target at 1.5585 and stop loss at 1.5487
good luck.
As we can see in the hourly time frame, the price is facing the resistance level at 1.5572 that's why we can get in short position with take profit at 1.5500.
http://i.imgur.com/cn4e5Gs.png
gbp/usd To day support and resistance date.31/12/2014
Resistance 1:1.5590
Resistance 2:1.5640
Resistance 3:1.5685
Power pivot:1.5550
Support 1:1.5509
Support 2:1.5465
Support 3:1.5431
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.
pair- gbp/usd
analysis time frame- m30
http://i57.tinypic.com/fm1j0z.jpg
the down movement of the price is hold at the daily pivot point and its making pull up. this is now at the daily resistance at 1.5589 but the rsi indicator is showing overbought so correction can expected. hold the short entry with stop loss at 1.5685
good luck.
yesterday GBP almost checked its This year's low, double bottom, IMHO now GBP could rally to 1.5640-90,,,
I want opinion from the traders, waiting for the reply
I think that the resistance level at 1.5585 will make the price fall down, that's why we can get in short position with take profit at 1.5499.
http://i.imgur.com/5eN0pVq.png
Euro/USD going South USD going high and same time GBP/USD going North,,, any one any trader reply
obviously feels that these days remains optimistic worth movement and can most likely last till consecutive day. despite correction however won't exceed one.6142 and R2 within the position can still still penetrate the R3 at one.6187. vote buy