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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
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
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.
Recently gbp/usd rate is 1.2872
In my observation today the best selling point is 1.2745
and by my mind today the best buy point is 1.2902
You will earn more money if you will obey my views because i have
posted this after checking all the chart clearly
good luck
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
At this moment while writing the quote of the GBPUSD is 1.6160 and most of the indicator showing it downside pressure but I think think it could rebound to 1.6200 today and more further, Because there is a fundamental news on GBP today and if the news shows the positive then the market could react instantly to upside. Any way the next immediate support line is 1.6130.
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
The pair is now losing 0.12% at 1.6323 and a breakdown of 1.6277 (low Nov.28) would aim for 1.6198 (low Nov.27) and finally 1.6185 (MA10d). On the upside, the initial hurdle lines up at 1.6380 (2013 high Jan.2) followed by 1.6400 (psychological level) and then 1.6421
GBP/USD hit 127.2% fib 1.6370 but
did not touch the JAN high that was
1.6380 before retreating next resistance is
161,8% of oct-nov high. that is
1.6510
GBP/USD hit 127.2% fib 1.6370 but
did not touch the JAN high that was
1.6380 before retreating next resistance is
161,8% of oct-nov high. that is
1.6510