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Daily Analysis – GBP

By:

Forexltd

09-10-2008

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The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked bearish activity advantage gives reasons for supporting sells planning priorities for today. At the moment considering the sign of local correction incompleteness we assume the possibility of pair return to close 1.7300/20 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 1.7220/40, 1.7160/80 and/or further breakout variant up to 1.7100/20, 1.7040/60, 1.6980/1.7000. An alternative for buyers will be above 1.7460 with targets 1.7500/20, 1.7580/1.7600, and 1.7660/80.

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