wtorek, 16 listopada 2010

Technical Analysis: GBP/USD Daily

GBP/USD 1.6004

GBP/USD open 1.5997 High 1.6185 low 1.5949 Close 1.5981

On Tuesday continued pound/dollar decreases significantly with over 230 PIPs in line with the negative feeling of ca-interbank 9%. Cable depreciated from 1.6185 to 1.5949 yesterday, closing day at 1.5981. The British pound is today still hesitant and without large movements. On the 1 hour chart has quotes divided to the upward channel, while the 3 hour chart upward channel looks great. Initial resistance is yesterday's peak at 1.5949. Break above should include the bullish movement further against the psychological 1.6300. The nearest scheme is yesterday's at the bottom of the 1.5949.Will the bellow it should include the reduction of the British pound further down towards the next downward targets 1.5830.Today is the UK BoE quarterly inflation report at 10: 30 GMT quotes move just bellow 20 and 50 EMA in 1 hour chart is showing bearish pressure slim. the value of the indicator RSI is negative and inclining up, MACD is negative and quiet, while the CCI has thin crossed down 100 line in 1 hour chart provides comprehensive easy short tones.

Technical resistance levels: 1.6185 1.6300 1.6426
Technical support levels: 1.1.1 5949 5830.5700

Trading of spectrum: 1.6015-5950

Trend: down

Sell to $ 6004 SL 1.6034 TP 1.5964

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