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Technical analysis for GBP

By:   Forexltd
  • 25-09-2008
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The pre-planned buying positions from the key supports were realized with attainment of basic assumed targets. OsMA trend indicator, having preserved the low activity level of both parties gives reasons as before for assumptions about range rate movement without definiteness in the choice of planning priorities for today. Hence considering the long-term bullish direction we assume the possibility of pair return to the upper boundary of Ichimoku cloud at 1.8400/20, 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 1.8480/1.8500, 1.8560/80, 1.8640/60 and/or further breakout variant up to 1.8700/20, 1.8780/1.8800. An alternative for sells will be below 1.8360 with targets 1.8300/20, 1.8240/60, 1+8180/1.8200.


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