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Daily Analysis – GBP

By:   Forexltd
  • 08-10-2008
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The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the general activity parity of both parties gives reasons for assumptions of further range rate movement without definiteness in the choice of planning priorities for today. Hence we assume the possibility of pair return to 1.7380/1.7400 supports, 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 1.7460/80, 1.7550/70, 1.7640/60 and/or further breakout variant above 1.7700 with targets 1.7760/80, 1.7820/40. An alternative for sells will be below 1.7300 with targets 1.7240/60, 1.7160/80, 1.7080/1.7100.


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