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GBPUSD remains in a downtrend with a test area on the SHI channel to 38.2 Fibo at 1.6103. Correction up to a maximum limit of 50.0 Fibo at 1.6125, then I vote to sell GU nearest target at 1.6069 and a target can be up to intermediate level open this week at 1.6020
Pair is : Gbp/Usd
Today trend is : BUY
today resistance and supporting level is:
Resistance is :
1,Resistance level is :1.2862
2,Resistance level is : 1.2874
3,Resistance level is :1.2889
Support is :
1,Supporting level is :1.2812
2,Supporting level is :1.2786
3,Supporting level is :1.2772
Trend on GBPUSD is down and better sell for today if price also move down to bellow the intraday low 1.6023 then. tcci average 20 on daily TF also still support for down trend till now.
My daily trading,I hope the day is a success ...
GBP/USD (Daily Trade)
Resistance : R1 1.6408 R2 1.6433 R3 1.6453 R4 1.6483
Support : S1 1.6275 S2 1.6250 S3 1.6230 S4 1.6200
Open : 1.6343
High : 1.6350
Low : 1.6333
Range : 17 Pips
Running Price : 1.6342
For intraday trade today suggest BUY at the level 1.6342 stop loss at the level 1.6275 target take profit at the level 1.6453 or at the level 1.6483
Instrument: GBP/USD
Upwards Strong
The TP1 was almost reached and the market is at risk of correcting lower cautioning us to move the stop loss higher(1.6290). Provided the market conditions will remain the same the TP1
will be reached soon.
Support & Resistances
1.6300 1.6380
1.6250 1.6420
1.6200 1.6450
My daily trading,I hope the day is a success ...
GBP/USD (Daily Trade)
Resistance : R1 1.6228 R2 1.6253 R3 1.6273 R4 1.6303
Support : S1 1.6098 S2 1.6073 S3 1.6053 S4 1.6023
Open : 1.6154
High : 1.6173
Low : 1.6153
Range : 20 Pips
Running Price : 1.6166
For intraday trade today suggest SELL at the level 1.6166 stop loss at the level 1.6228 target take profit at the level 1.6053 or at the level 1.6023
technical analysis of Gbp/Usd is buy
1.Resistance level is : 1.2858
2.Resistance level is :1.2867
3.Resistance level is :1.2874
1.Supporting level is : 1.2832
2.Supporting level is : 1.2822
3.Supporting level is :1.2812
Todays trading analysis. GBPUSD is strongly bearish in 4H chart it going towards 1st supporti.e., 1.59983. If it breaks 1st support then it goes towards to the 3rd support that is 1.59195. Its clearly show in previous history that GBPUSD in 4H chart from 9th Oct. to 16th Oct. an strong support i.e., 1.59195.
Pivot: 1.60374
Resistance levels
R1 1.60771
R2 1.61162
R3 1.61559
R4 1.61956
Support levels
S1 1.59983
S2 1.59586
S3 1.59195
S4 1.58804
The British pound itself looks rather strong, and has done quite well against many of the other currencies around the world, so of course the US dollar will be too different. However, recognize the fact that the US dollar has been doing better than some other currencies out there, so therefore this breakout may take a little bit longer than anticipated. A pullback here could be a buying opportunity, but sooner or later the market has to make some type of longer-term decision.
Today gbp/usd current rate : 1.2839
Today by observing all the routine of the market carefully i have come to know that the most suitable and the most
profitable selling point will be 1.2752
and today the msot profitable buy point will be 1.2985
I hope you will follow my signals
good luck