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Daily Analysis – GBP

By:   Forex Ltd
  • 21-10-2008
1
votes
 

The assumed key supports test was confirmed but displayed by OsMA indicator essential bearish activity rise at the break of Ichimoku cloud bottom was not favorable for immediate realization of the pre-planned buying positions. Hence considering the chosen strategy based in the current situation on bearish planning priority we assume the possibility of further Ichimoku cloud bottom test at 1.7200/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.7120/40, 1.7060/80 and/or further breakout variant up to 1.7000/20, 1.6920/40, 1.6860/80, 1.6800/20. An alternative for buyers will be above 1.7340 with targets 1.7380/1.7400, 1.7460/80, 1.7540/60, 1.7600/20.


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