Eur/Gbp

EUR/GBP in H4 chart outlook is still in Uptrend which is the price still move inside the Ascending fibo channel too. With this chart i can expect the price will test barrier 0.8033 or 0.8085 on next week trading.

On the H4 chart, the price is moving upward inside a bullish channel. If the top line of the channel is broken above, we are expecting to have it grown.

http://forex-fa14.blogspot.com/

:)

http://prntscr.com/3y7tlr
analysis for today 7 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 5 / 30 / 2014
OPEN 0.8008
HIGH 0.8026
LOW 0.7998
CLOSED 0.8002

The third resistance (R3) 0.8026 -( 0.8009 - 0.7998 = 0.0011 x 2 = 0.0021 )= 0.8047
The second Resistance (R2) 0.8009 + 0.8026 - 0.7998 = 0.8037
First resistance (R1) 0.8009 x 2 = 1.6017 - 0.7998 = 0.8019
pivot points 0.8026 + 0.7998 + 0.8002 = 2.4026 / 3 = 0.8009
Support for the first (S1) 0.8009 x 2 = 1.6017 - 0.8026 = 0.7991
Support second (S2) 0.8009 -( 0.8026 - 0.7998 = 0.0028 ) = 0.7981
Third Support (S3) 0.7998 -( 0.8026 - 0.8009 = 0.0017 x 2 = 0.0035 )= 0.7963

http://prntscr.com/3ybe7m
analysis for today 7 / 1 / 2014
EUR/GBP (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8009
Retracement (50%) 0.8012
retracement (61,8%) 0.8015

Extensions (61.8%) 0.7981
Extensions (100.0%) 0.7970
Extensions (138.2%) 0.7959
Extensions (161.8%) 0.7953
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/3yj0st
analysis for today 7 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 7 / 1 / 2014
OPEN 0.8003
HIGH 0.8007
LOW 0.7971
CLOSED 0.7974

The third resistance (R3) 0.8007 -( 0.7984 - 0.7971 = 0.0013 x 2 = 0.0026 )= 0.8033
The second Resistance (R2) 0.7984 + 0.8007 - 0.7971 = 0.8020
First resistance (R1) 0.7984 x 2 = 1.5968 - 0.7971 = 0.7997
pivot points 0.8007 + 0.7971 + 0.7974 = 2.3952 / 3 = 0.7984
Support for the first (S1) 0.7984 x 2 = 1.5968 - 0.8007 = 0.7961
Support second (S2) 0.7984 -( 0.8007 - 0.7971 = 0.0036 ) = 0.7948
Third Support (S3) 0.7971 -( 0.8007 - 0.7984 = 0.0023 x 2 = 0.0046 )= 0.7925

http://prntscr.com/3ynbyb
analysis for today 7 / 2 / 2014
EUR/GBP (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7985
Retracement (50%) 0.7989
retracement (61,8%) 0.7993

Extensions (61.8%) 0.7949
Extensions (100.0%) 0.7935
Extensions (138.2%) 0.7921
Extensions (161.8%) 0.7913
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/3yv805
analysis for today 7 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 7 / 2 / 2014
OPEN 0.7975
HIGH 0.7979
LOW 0.7950
CLOSED 0.7956

The third resistance (R3) 0.7979 -( 0.7962 - 0.7950 = 0.0012 x 2 = 0.0023 )= 0.8002
The second Resistance (R2) 0.7962 + 0.7979 - 0.7950 = 0.7991
First resistance (R1) 0.7962 x 2 = 1.5923 - 0.7950 = 0.7973
pivot points 0.7979 + 0.7950 + 0.7956 = 2.3885 / 3 = 0.7962
Support for the first (S1) 0.7962 x 2 = 1.5923 - 0.7979 = 0.7944
Support second (S2) 0.7962 -( 0.7979 - 0.7950 = 0.0029 ) = 0.7933
Third Support (S3) 0.7950 -( 0.7979 - 0.7962 = 0.0017 x 2 = 0.0035 )= 0.7915

http://prntscr.com/3z0ppm
analysis for today 7 / 3 / 2014
EUR/GBP (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7961
Retracement (50%) 0.7965
retracement (61,8%) 0.7968

Extensions (61.8%) 0.7932
Extensions (100.0%) 0.7921
Extensions (138.2%) 0.7910
Extensions (161.8%) 0.7903
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/3z7i2z
analysis for today 7 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 7 / 3 / 2014
OPEN 0.7955
HIGH 0.7972
LOW 0.7930
CLOSED 0.7932

The third resistance (R3) 0.7972 -( 0.7945 - 0.7930 = 0.0015 x 2 = 0.0029 )= 0.8001
The second Resistance (R2) 0.7945 + 0.7972 - 0.7930 = 0.7987
First resistance (R1) 0.7945 x 2 = 1.5889 - 0.7930 = 0.7959
pivot points 0.7972 + 0.7930 + 0.7932 = 2.3834 / 3 = 0.7945
Support for the first (S1) 0.7945 x 2 = 1.5889 - 0.7972 = 0.7917
Support second (S2) 0.7945 -( 0.7972 - 0.7930 = 0.0042 ) = 0.7903
Third Support (S3) 0.7930 -( 0.7972 - 0.7945 = 0.0027 x 2 = 0.0055 )= 0.7875

http://prntscr.com/3zcdn4
analysis for today 7 / 4 / 2014
EUR/GBP (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7946
Retracement (50%) 0.7951
retracement (61,8%) 0.7956

Extensions (61.8%) 0.7904
Extensions (100.0%) 0.7888
Extensions (138.2%) 0.7872
Extensions (161.8%) 0.7862
calculation based on a Fibonacci retracement then today I choose sell