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D1
In the bigger picture, price actions from 1.3503 (2009 low) are treated as consolidations to long term down trend from 2.1161. The current development argues that such consolidation is possibly completed at 1.7190, just below 50% retracement from 2.1161 to 1.3503 at 1.7332. GBP/USD is now heading back to 1.4813 key support level. We'd hold on to this bearish view as long as 1.5785 resistance holds.
---------- Post added at 05:45 PM ---------- Previous post was at 02:58 PM ----------
GBP USD attempts to gather the positive momentum – Analysis - 02/03/2015
The GBPUSD pair returns to fluctuate near the key support 1.5350, which represents the previously breached neckline of the cup & handle pattern, noting that the EMA50 meets the mentioned level to add more strength to it.
On the other hand, stochastic attempts to get rid of its negativity to approach from the oversold areas now, which supports the chances of resuming the recently suggested bullish trend, which its next main target is located at 1.5730, while its continuation requires holding above 1.5350.
Expected trading range for today is between: 1.5300 support and 1.5600 resistance.
Expected trend for today: Bullish
---------- Post added at 06:25 PM ---------- Previous post was at 05:45 PM ----------
GBPUSD is trapped inside the rectangle
GBPUSD is trapped in a range as presumed, and now we need to pay attention to possible breakout and ATR. 1.5458 and 1.5385 are crucial for next intraday movement because GBPUSD is currently in a rectangle formation having a confluence H3 and L4 levels. ATR suggests that targets for the breakout are 1.5478 and 1.5512 to the upside and 1.5563 to the downside. However, having in mind that today is Monday there could be a possible range play 5480-5380 with breakouts as suggested. Pay attention to ATR and MACD also, which shows a mixed momentum.
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gbp/usd uptrend start by trying to test support at 1.5350 area. Break down this area could bring down even further gbp/usd to next support line at 1.5310. While the resistance area at1.5410
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pair- gbp/usd
time frame to analysis- m15
http://i60.tinypic.com/ws42dt.jpg
the up movement of the price is not able to break the fibo resistance 61.8 at the price 1.5400 level and again in the down trend side with parabolic short signal. the macd indicator is below the 100. hold the short entry with stop loss at 1.5375
good luck
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Trading Signal - 03/03/2015 - 10:00 (GMT +2)
Instrument: GBPUSD
Time : 60min CHART
Trend & Condition : Downwards Strong
A Medium High probability, entry signal to go SHORT was given at 1.5380 after the market completed a bearish trend
reversal pattern. Only the upward break of 1.5460 would cancel the bearish scenario.
Support & Resistances :
1.5340 1.5420
1.5270 1.5450
1.5190 1.5490
http://dl.dropbox.com/u/51561036/scr...303-204302.jpg
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.5333; (P) 1.5380; (R1) 1.5410
4H
Intraday bias in GBP/USD remains neutral for the moment. At this point, rise from 1.4950 is viewed as a corrective move and break of 1.5315 will indicate that it's completed. In such case, bias will be turned back to the downside for retesting 1.4950 first. However, sustained break of 1.5540/51 (38.2% retracement of 1.6523 to 1.4950 at 1.5551) will argue that whole fall from 1.7190 is completed at 1.4950. And rise from there could target 1.5785 resistance next.
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GBPUSD Analysis & Signals 03/03/15
Order SELL BELOW
Type SELL LIMIT
Sell at 1.5448
Take Profit at 1.5354
Stop Loss at 1.5487
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The results of the pivot point calculations based on daily time frame prediction and analysis of price movements
Pair = GBPUSD
Wednesday, March 04, 2015
High = 1.5396
Low = 1.5344
Close = 1.5359
Pivot Point Result
R3 = 1.5441
R2 = 1.5418
R1 = 1.5389
PP = 1.5366
S1 = 1.5337
S2 = 1.5314
S3 = 1.5285
analysis of price movements
If Buy Limit at = 1.5330
TP = 1.5396
SL = 1.5307
IF Buy Stop at = 1.5352
TP = 1.5411
SL = 1.5344
If Sell Limit at = 1.5396
TP = 1.5330
SL = 1.5425
IF Sell Stop at = 1.5344
TP = 1.5321
SL = 1.5373
Trend = Neutral
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.5337; (P) 1.5366; (R1) 1.5389
4H
Intraday bias in GBP/USD remains neutral for the moment. Rise from 1.4950 is viewed as a corrective move and break of 1.5315 will indicate that it's completed. In such case, bias will be turned back to the downside for retesting 1.4950 first. However, sustained break of 1.5540/51 (38.2% retracement of 1.6523 to 1.4950 at 1.5551) will argue that whole fall from 1.7190 is completed at 1.4950. And rise from there could target 1.5785 resistance next.
---------- Post added at 04:07 PM ---------- Previous post was at 03:44 PM ----------
D1
In the bigger picture, price actions from 1.3503 (2009 low) are treated as consolidations to long term down trend from 2.1161. The current development argues that such consolidation is possibly completed at 1.7190, just below 50% retracement from 2.1161 to 1.3503 at 1.7332. GBP/USD is now heading back to 1.4813 key support level. We'd hold on to this bearish view as long as 1.5785 resistance holds.
---------- Post added 03-05-2015 at 10:57 AM ---------- Previous post was 03-04-2015 at 04:07 PM ----------
GBP/USD Daily Outlook
Daily Pivots: (S1) 1.5219; (P) 1.5295; (R1) 1.5339
GBP/USD drops to as low as 1.5227 so far. The firm break of 1.5315 support indicates that corrective rebound from 1.4950 has completed at 1.5551 already, after be limited by 1.5540/51 (38.2% retracement of 1.6523 to 1.4950 at 1.5551) as expected. Intraday bias is back on the downside for retesting 1.4950 first. Break will extend larger down trend to 1.4813 key support next.
---------- Post added at 12:23 PM ---------- Previous post was at 10:57 AM ----------
GBP USD confirms the break – Analysis - 05/03/2015
The GBPUSD pair confirmed breaking 1.5350 level by achieving a daily candlestick close below it, and that supports the continuation of the downside track expectations, which was activated yesterday’s evening, waiting for testing 1.5200 then 1.5110 levels in the upcoming period.
The negative effect of the previously completed head and shoulders pattern remains valid and pushes the price to decline, supported by the EMA50, taking into consideration that the continuation of the bearish trend depends on the stability below 1.5350 level.
Expected trading range for today is between: 1.5110 support and 1.5350 resistance.
Expected trend for today: Bearish
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pair- gbp/usd
time frame to analysis- m15
http://i62.tinypic.com/10fw276.jpg
the macd bar is moved above the level zero but in the price chart its not able to break the resistance at 1.5265 level and again in the down. the parabolic sar is also in the down trend side. hold the short entry with stop loss at 1.5280 and profit target at 1.5200
good luck
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Basic levels for GBP/USD:
1.5335: Fibonacci 76.4% of the rate of movement of the descending from 1.5369 to 1.5225.
1.5300 / 15: Medium sales offers.
1.5280: Fibonacci 38.2% of the rate of movement of the descending from 1.5369 to 1.5225.
1.5195: strong buy orders.
1.5182: Fibonacci 61.8% for the emerging movement from 1.4952 to 1.5553.
1.5198 / 97: Fibonacci extension rate of 1.618% for emerging movement from 1.5333 to 1.5553.
