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Daily Analysis – GBP
By: Forexltd - 01-10-2008
0votesThe pre-planned breakout variant for sells was realized with the attainment of basic assumed targets. OsMA trend indicator despite the signs of pair oversold, having marked the relatively high bearish activity level gives reasons for the preservation of sells planning priorities for today as well. Hence and considering the bullish sign of the indicator chart we assume the possibility of pair return to 1.7860/80 resistance range, 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 1.7800/20, 1.7740/60, 1.7680/1.7700 and/or further breakout variant up to 1.7600/20, 1.7520/40, 1.7440/60. An alternative for buyers will be above 1.8000 with targets 1.8060/80, 1.8120/40, 1.8200/20, 1.8280/1.8300.
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