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iFOREX.bg GBP/USD Technical Analysis 17 July 2008
By: iForex.bg - 17-07-2008
0votesGBP/USD 1.9980 - 17 July
GBP/USD Open 1.9884 High 2.0092 Low 1.9961 Close 1.9948
The British Pound corrected yesterday against the US Dollar from Wednesday's top 2.0092 to the bottom 2.9961, which are the the first resistance and support levels respectively for the currency couple today. Today the Sterling is moving within a small range. If the positive trend continues, next resistance is expected at 2.0170, followed by 2.0280. In downward direction next support for today is expected at 1.9880, the break of which would lead to next target 1.9800.
Technical resistance levels: 2.0090 2.0170 2.0280
Technical support levels: 1.9960 1.9880 1.9800
Trading range: 1.9970 - 2.0030
Trend: Upward
Buy at 1.9980 SL 1.9950 TP 2.0020
Today we made already +42 pips profit on GBP/USD from the following signal:
7:26 GMT+1 Buy GBP/USD at 1.9977 SL 1.9951 TP 2.0037 exited at 8:31 GMT+1
Today so far +138, yesterday +190, as shown in details at our web site.
Next Analysis: iFOREX.bg USD/JPY Technical Analysis 17 July 2008Content Provided by:
iForex.bg
iFOREX.bg - Forex Daily and Evening forecasts, direct real time signal recommendations for entry and exit trading positions for EUR/USD, USD/JPY, GBP/USD and USD/CHF, and forex news.
DISCLAIMER:
iFOREX Ltd. is in the business of teaching analysis of forex trends, and proposing potential trading signals - not recommendations. All statements and expressions are the opinion of the forex experts at iFOREX Ltd. and are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Our opinions are subject to change without notice. We strongly advise clients to conduct thorough research relevant to decisions and verify facts from various independent sources. The staff at iFOREX Ltd. is not to be held responsible for individual market positions, all trades that clients may take are based on their own final decisions. We do not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading signals or in any accompanying chart analyses, whether communicated by word or message, typed or spoken by any of iFOREX Ltd. employees.
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