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Daily Analysis – GBP

By:   Forexltd
  • 03-10-2008
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The pre-planned breakout variant for sells was realized but with several points damage in the attainment of minimal assumed target. OsMA trend indicator, having marked the relative bullish activity rise nevertheless does not provide definiteness in the choice of planning priorities for today but considering the chosen strategy gives reasons for assumptions about the possible range rate movement in the close outlook. Hence and considering the present moment further bullish cycle development we assume the possibility of attainment 1.7800/20 resistance, 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 1.7720/40, 1.7640/60, 1.7550/70 and/or further breakout variant up to 1.7480/1.7500, 1.7420/40, 1.7380/1.7400. An alternative for buyers will be above 1.7900 with targets 1.7960/80, 1.8020/40.


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