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GbpUsd has my analysis on the current market position at point 1.6070 and timeframes H1.
I use indicator 80 then it will be the value at point 15 so that more directed at the BUY
if data from calculation from Yesterday High of 1.6124 and Yesterday Low of 1.6020 then pivot on 1.6076
so I recommend you to BUY to take profit on 1.61 and stop loss at 1.604. Good luck and hopefully profit.
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Sterling is trading little changed on the upside at around 1.2970 after the UK opposition ponders the second referendum while parliament moves closer to rule out no-deal Brexit ahead of Bank of England Deputy Governor speech.
From a technical perspective, the pair needs to sustain above the mentioned trend-line barrier to support prospects for any further near-term appreciating move beyond the key 1.3000 psychological mark. Momentum beyond the said hurdle might now prompt some aggressive short-covering rally towards 1.3075-80 intermediate resistance before the pair eventually aims to surpass the 1.3100 handle and tests 1.3125-30 supply zone
On the flip side, weakness back below the 1.2930 level could further get extended towards the 1.2860-55 area, which is closely followed by support near the 1.2830-25 region. A follow-through selling might turn the pair vulnerable to break below the 1.2800 handle and head back towards challenging the 1.2750-45 intermediate support en-route the 1.2700 round figure mark.
Open interest in GBP futures markets shrunk for the fourth consecutive session on Tuesday, this time by more than 3.4K contracts according to advanced data from CME Group. On the other hand, volume increased by nearly 51K contracts for the first time after three drops in a row.
GBP/USD still faces resistance at 1.3000
Cable keeps the underlying upbeat tone unchanged despite uncertainty around the Brexit negotiations. Tuesday’s moderate advance was on the back of declining open interest and rising volume, leaving the door open for further consolidation although any upside should remain capped by the psychological 1.3000 mark for the time being.
GBP / USD: days to recommend 1.6050 to straddle the divide. Multi Strategy: 1.6060-70 interval bargain long, long stop: below 1.6050, multiple reference target: 1.6100-10 interval; short strategy: exchange rate fell below 1.6050 suggestions for high-altitude opportunities, short stop: 1.6070 above, reference: 1.5980, 1.5940 profit target, 1.5900.
Gbp /USD ki markeet up ki tarf jaa rahi he mujhy lgta he ye market down ki tarf jae gi so ap ko sell ki trade laga deni Chahiye ye ap k ley kafi fedhy mand sabit ho gi good luck..current rate is 1.29768
Currency pair is : Gbp/Usd
Trend is : buy
Resistance and supporting level of this pair is :
Resistance level of this pair is:
1# Resistance is: 1.2991
2# Resistance is: 1.3003
3# Resistance is: 1.3012
Supporting level of this pair is :
1# Supporting is: 1.2971
2# Supporting is: 1.2960
3# Supporting is: 1.2952
GBP/USD (a 4-hour chart)
8 October 2013
Trading Recommendations:
It is likely that having entrenched below the resistance level1.6050; the price will not be able to break it up for upward correction today. The consolidation near 1.6050 may serve as an exception, after which there will be the downward trend continued until the next support level 1.5950.
If the price falling does not stop at the support level 1.5950, there will be a rising trend line retest 1.5920.