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Daily analysis – GBP

By:   Forexltd
  • 30-09-2008
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The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked the bearish activity advantage gives reasons for the preservation of sells planning priorities but considering the signs of relative bullish resistance strengthening targeting at the decrease of trading risks we assume the possibility of pair return to 1.8180/1.8200 resistance ranges, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.8100/20, 1.8020/40, 1.7940/60 and/or further breakout variant below 1.7900 up to 1.7820/40, 1.7740/60, 1.7660/80. An alternative for buyers will be above 1.8320 with targets 1.8380/1.8400, 1.8480/1.8500.


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