Showing posts with label GBPUSD. Show all posts
Showing posts with label GBPUSD. Show all posts
Monday, January 21, 2013
Thursday, December 13, 2012
GBPUSD - 20121213
GBPUSD has strong resistance @1.6182 pair is moving in upside channel
Pair has rejected from this resistance level almost three times
Recent news: S&P cut UK outlook to negative
US DOLLAR is slowly becoming stronger
if pair manage to break support @1.6060 then it may test next level 1.6 & 1.5914 (23rd Oct.2012's low )
Resistance : 1.6182, 1.6256
support: 1.6000, 1.5914
Pair has rejected from this resistance level almost three times
Recent news: S&P cut UK outlook to negative
US DOLLAR is slowly becoming stronger
if pair manage to break support @1.6060 then it may test next level 1.6 & 1.5914 (23rd Oct.2012's low )
Resistance : 1.6182, 1.6256
support: 1.6000, 1.5914
Monday, August 20, 2012
Friday, August 10, 2012
Thursday, August 2, 2012
GBPUSD 20120803
Pair has formed regular bullish divergence above support line
pair has support @1.5480 & 1.5440(strong) and resistance @1.56 & 1.5740(strong)
pair is moving in bearish channel if pair breaks bearish channel then it will turn upside targeting 1.5940
My Overall view is bullish
Main target is 1.64 & 1.68
If Pair break level 1.5409 then pair may find support level @1.5202
Pair is moving in triangle pattern
Monday, July 30, 2012
GBPUSD has formed regular bullish divergence
GBPUSD has formed regular bullish divergence as shown in chart below
pair has resistance @1.5742 and support @ 1.5650, 1.5452
pair lies above moving averages20 and 50 in hourly charts
In 4hour charts, pair has formed bullish engulfing pattern.
If pair breaks level@1.5742 then pair may test resistance @1.5940 & 1.6
alternative view, if pair fail to break resistance @1.5742 then pair will form double top pattern
alternative view, if pair fail to break resistance @1.5742 then pair will form double top pattern
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