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

Sunday, March 19, 2017

Sunday, March 6, 2016

Sunday, February 21, 2016

Tuesday, February 9, 2016

Monday, January 18, 2016

Support & Resistance for GBP/USD

R5 1.4445 14 Jan 2016 high
R4 1.4428 15 Jan 2016 high
R3 1.4352 12 Jan 2016 low
R2 1.4325 intraday level
R1 1.4280 intraday level

S1 1.4228 ** 20 May 2010 low
S2 1.4110 * 30 Mar 2009 low
S3 1.4000 figure
S4 1.3958 2 Mar 2009 low
S5 1.3844 * 18 Mar 2009 low

View unchanged from this morning with the sharp decline last Friday below the 1.4352 support setting the bigger downmove from 1.4970 high back in motion with bears now eyeing lower support at 1.4228 ahead of 1.4110. Intraday trade to remain suppressive.


Sunday, January 17, 2016

Thursday, January 14, 2016

Support & Resistance for GBP/USD (SIGNAL)

R5 1.4663 4 Jan low
R4 1.4645 * 8 Jan high
R3 1.4600 * figure
R2 1.4534 7 Jan low
R1 1.4494 11 Jan low

S1 1.4352 12 Jan low
S2 1.4346 * 8 Jun 2010 low
S3 1.4260 25 May 2010 low
S4 1.4228 * 2010 low
S5 1.4110 * 30 Mar 2009 low

 Struggling to hold the 1.4400 level and break here keep focus on the downside for retest of the 1.4352 low. Break here will see potential to 1.4260 then the 1.4228, 2010 low. Recent low at 1.4494 and 1.4534 now reverts to resistance and lift over these needed to trigger stronger recovery to
retrace steep drop from the Dec high.

Short at 1.4550, stop at 1.4850, profit target at 1.4250

Short at 1.4650, stop at 1.4850, profit target at 1.4250


Tuesday, January 12, 2016

Support & Resistance for GBP/USD

R5 1.4786 29 Dec low
R4 1.4727 31 Dec low
R3 1.4663 4 Jan low
R2 1.4645 * 8 Jan high
R1 1.4600 figure

S1 1.4494 11 Jan low
S2 1.4394 9 Jun 2010 low
S3 1.4346 * 8 Jun 2010 low
S4 1.4260 25 May 2010 low
S5 1.4228 * 20 May 2010 low

Pressure stays on the downside and rejection from the 1.4604 high yesterday see scope to retest the 1.4500 level then the 1.4494 low. Clear break here will see further decline to 1.4394 and 1.4346 then the 1.4228, 2010 low. Would need lift over the 1.4600 level and 1.4645 ease downside pressure and see stronger bounce.

Sunday, January 3, 2016

Monday, December 21, 2015

Sunday, November 29, 2015

Tuesday, November 24, 2015

SUPPORT & RESISTANCE FOR GBP/USD (SIGNAL)

For today

R4 - 1.5360 / R3 - 1.5336 / R2 - 1.5264 / R1 - 1.5235
SPOT 1.5126
S1 - 1.5092 / S2 - 1.5027 / S3 - 1.5000 / S4 - 1.4960   

SHORT AT 1.5170 FOR 1.5000; STOP AT 1.5235