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The GBP/USD pair went higher during the session on Friday, stretching towards the 1.6250 level. This area is significant resistance, but at the end of the day. I need to see this pair break above the 1.63 handle on a daily close in order to buy-and-hold, as the market would go much higher. At that point, probably chasing the 1.65 level before it's all said and done. With that being the case, I feel this market could pullback in this general vicinity, but that simply will be a momentum building exercise as we try and breakout above what has been pretty stubborn resistance.
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.
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analysis for today 11 / 7 / 2013
My daily trading,I hope the day is a success ...
GBP/USD (Daily Trade)
Resistance : R1 1.6140 R2 1.6165 R3 1.6185 R4 1.6215
Support : S1 1.6009 S2 1.5984 S3 1.5964 S4 1.5934
Open : 1.6080
High : 1.6084
Low : 1.6065
Range : 19 Pips
Running Price : 1.6070
For intraday trade today suggest SELL at the level 1.6070 stop loss at the level 1.6140 target take profit at the level 1.5964 or at the level 1.5934
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dear mate i am trying to get market technical over view for GBP/USD
according to market technical analysis the market have up trend
the market trend is in buy position
expected resistance and support levels
market price ----------1.2880
1- Resistance level----------1.2894
2- Resistance level----------1.2907
3- Resistance level----------1.2918
1- Support level-------------1.2865
2- Support level-------------1.2852
3- Support level-------------1.2842
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Gbp/usd acha pair hai eis mein earning krna kafi difficult hoti hai kyun k eis pair ki market easily
samjh nahi ati eis tarah eis pair mein loss honey k ziyada chances hotey hain eis ka trend down
hota jaa raha hai
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analysis for today 11 / 7 / 2013
My daily trading,I hope the day is a success ...
GBP/USD (Daily Trade)
Resistance : R1 1.6140 R2 1.6165 R3 1.6185 R4 1.6215
Support : S1 1.6009 S2 1.5984 S3 1.5964 S4 1.5934
Open : 1.6080
High : 1.6084
Low : 1.6065
Range : 19 Pips
Running Price : 1.6070
For intraday trade today suggest SELL at the level 1.6070 stop loss at the level 1.6140 target take profit at the level 1.5964 or at the level 1.5934
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but the support of the long-term support line seems to be working. With these support some upward gains are expected. However considering the fact that a resistance had come at the long-term resistance line, there is no good trade configuration and it is better to stay away. Please check the chart below the analysis to check the status of the trend lines which are in place for past 4 years.
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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.
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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
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it is a triangle configuration market should break either side acceleration should occur above 1.6068
or under 1.6020 limits
res2 1.6142
ex-high 1.6096
res1 1.6091
pivot 1.6045
sup1 1.5995
ex-low 1.6000
sup2 1.5949
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यदि आप डेली चार्ट पर जाते हैं, तो आप देख सकते हैं कि कीमत एक मजबूत रिवर्सल जोन - 1.29980 के खिलाफ आ गई है। हम इस तरह की मंदी की प्रतिक्रिया को देखते हैं, जहां समर्थन स्तर - 1.28495 की कीमत रुकी है। सोमवार को क्षेत्र से संभव है - 1.28495 बैल सुधार होगा, 1.29245 के करीब लेकिन टूटने की संभावना से इंकार नहीं किया जा सकता है, समर्थन क्षेत्र -1.28495 है। यदि, हालांकि, यह महसूस किया जाता है, तो लंबे समय तक कटौती 1.26943 से लेवल तक कीमत के लिए बाधा नहीं होनी चाहिए।
