fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for GBP Tue Jan 21, 2014 1:30 pm | |
| Technical Analysis for GBP Stabilizing above the key support level of the ascending channel keeps the possibility of a bullish wave valid. Linear Regression Indicators currently represents resistances of the pair which requires breaching 1.6465 followed by stability above 1.6515 to confirm extending the upside move. Support: 1.6405, 1.6360, 1.6310, 1.6280, 1.6260 Resistance: 1.6465, 1.6515, 1.6550, 1.6600, 1.6665 Recommendation Based on the above, buy the pair above 1.6420 targeting 1.6465, 1.6515 and 1.6600, stop-loss below 1.6310 If the stop-loss was triggered, sell the pair below 1.6310 targeting 1.6260, 1.6205 then 1.6165 and stop-loss above 1.6405 | |
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