today i like to buy this pair @ 1.6034
my stop loss of the day @ 1.6000
half take profit for today @ 1.6065
and further half take profit @ 1.6090
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today i like to buy this pair @ 1.6034
my stop loss of the day @ 1.6000
half take profit for today @ 1.6065
and further half take profit @ 1.6090
GBP/USD is a buyer or a trader who has a good deal of business in the world which is the same as GBP/USD which is up to date is for sale is forex trading as well as our customers we have a good deal of interest in earning money.
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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.
GBP/USD The trading forex pair.
the recommendation forex signal - Buy.
the Supports
1.3170 - 1.3183 - 1.3192
the Resistance
1.3214 - 1.3227 - 1.3237
reading news are very important before the trade.
Price has tested the important support around 1.6010 and manage to hold and now I would be looking for a break above 1.6280 for a move towards atleast 1.6447 where two equal swings from 1.5100 will be done and then minor correction towards 1.5730 will be seen but I beleive this uptrend to be intact for long term and we will see if that support hold on correction and then it will be fun riding it
While the pair continues to hold the 1.6070 level then buy look quite normal, there was a small correction, but it seems like now the price is again beginning to show off the top in the direction of the main trend of today ... so I recommend you buy with a stop below 1.6070 and 1.6250 targets.
Price has tested the important support around 1.6010 and manage to hold and now I would be looking for a break above 1.6280 for a move towards atleast 1.6447 where two equal swings from 1.5100 will be done and then minor correction towards 1.5730 will be seen but I beleive this uptrend to be intact for long term and we will see if that support hold on correction and then it will be fun riding it
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
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 pair has reached median line at 1.61607. If the pair stays below this level the pair will decline to 1.59962.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532