GBPUSD Analysis 28th September 2012
Deal is still running
Current Price 1.5822
Pair has retraced and bounced @ fibonnaci level 61.8% in hourly charts. Currently Pair is hovering around above fib 50%. Pair finds support above trendline coming from 2nd August, 2012's low
Strong Support @1.5730
Short term view is bullish
recommend
Buy@1.6250 target@1.64
One can increase lots above 1.6250 targeting @ 1.64
Deal is still running
Current Price 1.5822
Pair has retraced and bounced @ fibonnaci level 61.8% in hourly charts. Currently Pair is hovering around above fib 50%. Pair finds support above trendline coming from 2nd August, 2012's low
Strong Support @1.5730
Short term view is bullish
recommend
Buy@1.6250 target@1.64
Daily charts
Pair has formed Bullish engulfing pattern
Pair is moving above strong support trendline coming from 1st jun.2012's low
Strong Support @1.5730
long term view is bullish
Recommend strong buy above 1.5742 Target @1.64 n 1.66One can increase lots above 1.6250 targeting @ 1.64
Weekly
Pair is symetrical triangle in weekly charts
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