Showing posts with label GBPUSD. Show all posts
Showing posts with label GBPUSD. Show all posts

Monday, January 21, 2013

GBPUSD has formed Double top pattern


GBPUSD has formed Double Top Pattern with neckline @1.5824

if pair breaks neckline @1.5824  then Pair may targeting towards 400pips

pair has Strong Support @1.5775



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

Monday, August 20, 2012

Gbpusd is symmetrical triangle

GBPUSD is in symmetrical triangle
it is in rangebound  and hovering between fibonacci level 23.6 &61.8
if pair breaks upside above 1.5720 then pair may test 1.5740 & 1.59 

alternate view if pair breaks downside below 1.5680 then pair will be short term downside

resistance @1.5742 and support@1..5680


Friday, August 10, 2012

GBPUSD HAS TRIANGLE PATTERN

GBPUSD is currently in triangle pattern
it has resistance @1.5655 and support@1.5555
please watch image it cover full detail




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