TechnicalCentral BanksForex Brokers
Trading Tools |
GBP/USD Technical Analysis 5 January 2009
1
votes
GBP/USD 1.4539 - 5 January
GBP/USD Open 1.4515 High 1.4791 Low 1.4383 Close 1.4537 In December the British currency continued to decline and reached a new bottom since 2002. Last week the British currency continued its dropping, and the downward trend still remains in force. On the weekly chart descending pressure on the Cable will be maintained and will remain strong while the British currency remains under 1.55. On the daily chart the Sterling formed a divergence and prevailed the upper limit of short term descending channel, but the development of growth could not be achieved, after which the couple continued decreasing. The bearish scenario is still valid with targets towards the region of 1.4300. Strengthening below 1.4360 will signal for further reduction. Strengthening above 1.4730 may provoke growth of the Pound. Technical resistance levels: 1.4580 1. 4700 1.4840 Technical support levels: 1.4425 1.4300 1.4150 Trading range: 1.4550 - 1.4485 Trend: Downward Sell at 1.4539 SL 1.4569 TP 1.4499 Today we made already +14 pips profit on GBP/USD from the following signal: 6:18 GMT Sell GBP/USD at 1.4507 SL 1.4533 TP 1.4447 exited at 6:22 GMT Today so far +114, on 30th +147, as shown in details at our web site. Next Analysis:
Content Provided by:
iForex.bg
iFOREX.bg provides online forecasts and real time trading signals for the four major trading currency pairs: EUR/USD, USD/JPY, GBP/USD and USD/CHF with entry and exit positions directly to our customers. With our team of professional analyzers, marketing strategists, dealers and traders, we build ...
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. Related Products Price: $ 49.95 Overview Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez ...
Price: $ 49.95 Overview This course is more than simple rules, this class explores and shows you how to ...
|
|
What do you think about our new site? |
![]() |
|
-
-
- 
Related Products

