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Daily Analysis – GBP
By: Forex Ltd - 20-10-2008
0votesThe pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked relatively low activity level of both parties gives reasons for assumptions about the possible range rate movement within boundaries of Ichimoku cloud without definiteness in the choice of planning priorities for today. Hence considering the sign of pair overbought we assume the possibility of pair return to 1.7220/40, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.3280/1.7300, 1.7360/80, 1.7420/40 and/or further breakout variant up to 1.7480/1.7500, 1.7560/80, 1.7620/40. An alternative for sells will be below 1.7100 with targets 1.7020/40, 1.6940/60, 1.6880/1.6900, 1.6820/40.
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