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Gbp/usd

Discussion in 'Forex Trading Room' started by Dantist, Oct 18, 2008.

  1. Dantist

    Dantist New Member

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    GBPUSD. Daily chart, trend downward. For the past days the special changes did not happen. A pound sterling bargains in a range previous days. A pair is in the middle of descending channel. Overcoming closing of short-term maximum 1.7410 will strengthen ascending pressure. Overcoming of support in a district 1.7041 will strengthen pressure downward. While out of market
     

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  2. Sayen Aylen

    Sayen Aylen New Member

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    GBP/USD 24.06.09

    Daily Pivots: (S1) 1.6283; (P) 1.6378; (R1) 1.6547; More

    While GBP/USD is still bounded in range of 1.6185/6617, the corrective structure of price actions from 1.6617 continues to argue that it's merely consolidations only. In other words, GBP/USD has not topped out yet. A break above 1.6617/6661 resistance zone will indicate that whole rise from 1.3654 has resumed, targeting 61.8% projection of 1.4395 to 1.6661 from 1.5801 at 1.7201. But after all, we'd expect upside momentum to diminish as GBP/USD approaches this level and bring reversal finally. On the downside, below 1.6185 will turn focus back to 1.5801 support first.
     
  3. Sayen Aylen

    Sayen Aylen New Member

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    GBP/USD - June 30th, 2009

    Daily Pivots: (S1) 1.6467; (P) 1.6526; (R1) 1.6626; More

    GBP/USD finally breaks out of recent range today and surges to as high as 1.6742 so far. The break of 1.6661 high confirms that whole medium term rally has resumed. At this point, intraday bias remains on the upside as long as 1.6540 minor support holds. Further rise would be seen to next target of 61.8% projection of 1.4395 to 1.6661 from 1.5801 at 1.7201. But upside momentum is expected to diminish as GBP/USD approaches this level and finally bring reversal. On the downside, below 1.6540 minor support will turn intraday outlook neutral first. But break of 1.6232 support is needed to indicate that GBP/USD has topped out. Otherwise, short term outlook remains bullish.
     

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