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Feb 13, 2012 12:03AM GMT
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GBP/USD Technical Analysis 6 January 2009
By ZIFX.com | Forex Technical Analysis | Jan 06, 2009 12:00AM GMT
GBP/USD 1.4680 - 6 January
GBP/USD Open 1.4705 High 1.4791 Low 1.4383 Close 1.4690
Pound/Dollar failed to keep the descendants scenario yesterday. The currency couple made a rising movement, reaching a top at 1.4736 and closed at 1.4697. On the one hour chart can see how after the downward movement from 17 December, the bearish force temporarily stopped and now it seems the couple moves into a rectangle, indicating that the Cable is in consolidation phase. So far the signals are neutral, but in the long term the bearish scenario is maintained. Successive movement above 1.4755 may lead to rising momentum and can be seen as a violation of decreasing scenario. The CCI indicator is in the overbought zone and downwards to the one hour chart, which suggests potential descending pressure.
Technical resistance levels: 1.4580 1. 4700 1.4840
Technical support levels: 1.4425 1.4300 1.4150
Trading range: 1.4690 - 1.4620
Trend: Downward
Sell at 1.4680 SL 1.4710 TP 1.4630
Today we made already +60 pips profit on GBP/USD from the following signal:
6:20 GMT Sell GBP/USD at 1.4642 SL 1.4668 TP 1.4582 TP reached at 7:03 GMT
Today so far +172, yesterday +114, as shown in details at our web site.
GBP/USD Open 1.4705 High 1.4791 Low 1.4383 Close 1.4690
Pound/Dollar failed to keep the descendants scenario yesterday. The currency couple made a rising movement, reaching a top at 1.4736 and closed at 1.4697. On the one hour chart can see how after the downward movement from 17 December, the bearish force temporarily stopped and now it seems the couple moves into a rectangle, indicating that the Cable is in consolidation phase. So far the signals are neutral, but in the long term the bearish scenario is maintained. Successive movement above 1.4755 may lead to rising momentum and can be seen as a violation of decreasing scenario. The CCI indicator is in the overbought zone and downwards to the one hour chart, which suggests potential descending pressure.
Technical resistance levels: 1.4580 1. 4700 1.4840
Technical support levels: 1.4425 1.4300 1.4150
Trading range: 1.4690 - 1.4620
Trend: Downward
Sell at 1.4680 SL 1.4710 TP 1.4630
Today we made already +60 pips profit on GBP/USD from the following signal:
6:20 GMT Sell GBP/USD at 1.4642 SL 1.4668 TP 1.4582 TP reached at 7:03 GMT
Today so far +172, yesterday +114, as shown in details at our web site.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CFDs Quotes
| SPX 500 Futures | 1346.65 | +6.15 | +0.46% | |||
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| DAX | 6692.96 | -95.84 | -1.41% | |||
| UK 100 | 5852.39 | -43.08 | -0.73% | |||
| Japan 225 | 8950.00 | +2.83 | +0.03% | |||
| US Dollar Index | 78.90 | -0.21 | -0.27% |
CFDs Quotes
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| Crude Oil | 99.71 | +0.68 | +0.69% | |||
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CFDs Quotes
| Euro Bund | 138.66 | +1.41 | +1.03% | |||
| Italian Govt. B. | 102.45 | -1.63 | -1.57% | |||
| Euro BOBL | 125.23 | +0.71 | +0.57% | |||
| UK Gilt | 115.78 | +1.13 | +0.99% | |||
| US 2 YR T-Note | 110.26 | -0.02 | -0.02% | |||
| US 10 YR T-Note | 131.13 | -0.08 | -0.06% | |||
| US 30 YR T-Bond | 142.32 | -0.11 | -0.08% |
Recent Activity
Central Banks Rates
| Central Banks | Interest Rates | Next Meeting | |||
|---|---|---|---|---|---|
| FED | 0.00%-0.250% | 03/13/12 | |||
| ECB | 1.000% | 03/08/12 | |||
| BOE | 0.500% | 03/08/12 | |||
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| RBNZ | 2.500% | 03/07/12 | |||
| BOJ | 0.100% | 02/14/12 | |||
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