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Daily Analysis – GBP
By: Forexltd - 02-10-2008
0votesThe pre-planned positions for sell from the key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the activity fall of both parties does not provide definiteness in the choice of planning priorities for today but considering the chosen strategy we have reasons for the priority preservation of the earlier chosen sells for today as well. Hence taking into account assumptions of the possible range rate movement in the near outlook we assume the possibility of pair return to the close 1.7730/50 resistance ranges, 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 1.7650/70, 1.7600/20 and/or further breakout variant below 1.7580 with targets 1.7520/40, 1.7440/60, 1.7380/1.7400. An alternative for buyers will be above 1.7880 with targets 1.7920/40, 1.7980/1.8000.
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