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The Brief Daily Forecaster
By: FX-Forecaster - 06-10-2008
0votesDAILY ANALYSIS FOR GBPUSD
Bias: While 1.7697 supports I still feel we can see the correction higher continue
The first resistance at 1.7728 did cause a deep pullback but the failure to break below the 1.7549 low triggered a second rally that stalled at 1.7837. I suspect that we may see a small pullback to 1.7697 but overall while this supports I feel the upside still has legs for 1.7865-70 at least. Take care here as this could cause another correction. Only breach extends gains to 1.7940 and possibly 1.7968-95.For full analysis please open today's full report in PDF format.
Next Analysis: Forex and Dow Jones recommended levelsAttached Files
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FX-Forecaster - http://www.fx-forecaster.com/
Ian Copsey is a veteran technician having begun his career in Foreign Exchange over 25 years ago. His book “Integrated Technical Analysis” has been read by over 4,000 readers worldwide.
DISCLAIMER:
“Daily Forecaster is an analytical tool only and is not intended to replace individual research. The service is offered is an opinion on the current state of the market with anticipated trading signals but not recommendations. The information provided in Daily Forecaster should not be relied on as a substitute for extensive independent research before making your trading/investment decisions. Ian Copsey is merely providing this service for your general information. No representation is being made that any view or opinion will guarantee profits or not result in losses from trading. In addition any projections or views of the market provided may not prove to be accurate. The opinions are subject to change without notice. Opinions or views expressed in Daily Forecaster are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Ian Copsey will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this service.”
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