- 
- 
- 
Welcome,
Guest!
Technical
Forex Brokers
Trading Tools |
GBP/USD – 1.6067 holds!
0
votes
Mr. Munther Marji is the founder of The Technical Trader Analysis Services, which was founded in May 2003, and still generates technical analysis & forex signals on daily & weekly basis. He came to the world of forex as a broker in Dec 2000, .....
The support at 1.6067 held, which caused the Pound to rise breaking the resistance specified in yesterday’s report 1.6120, and successfully reaching the first target 1.6204. Today, we will stay focused on the possibility of a retest for the broken trend line which is currently at 1.6020. But before that we notice short term support at 1.6098. If this support is broken, we will drop with the Pound in an attempt to retest the broken trend line, which is currently at 1.6020 as we said. Breaking this line to the downside will damage the technical outlook, giving a chance to reach 1.5919 at least. But if the price manages to go up, and break the resistance 1.6152, this pair will have enough strength to jump to 1.6247, and then enter the medium term retracement levels area, and the first of which that we pay attention to is 1.6353.
Support: • 1.6098: Fibonacci 61.8% for micro-term. • 1.6020: retest level of the falling channel that was broken yesterday. • 1.5919: Dec 22nd low. Resistance: • 1.6152: Fibonacci 50% for the short term. • 1.6247: Dec 18th high. • 1.6353: Fibonacci 50% for the medium term (the drop from 1.6875 to 1.5830).  Next Analysis:
Content Provided by:
Forexpros
With a solid background in financial markets, our goal is to provide both novice and experienced traders with neutral and unbiased information on specific financial segments, including Brokers, Fund managers, Real-time quotes & charts, Courses, Books, Software Providers, Educational & ...
Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.  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 ...
|
|
||||||
How many analyses do you read on daily basis? |
||||||
 |
||||||
Nour Eldeen M. Al-Hammouri In this webinar Nour Eldeen M. Al-Hammouri will discuss the Inter-Market Analysis and markets relationships. He will ...
Karen Kizer In this session Karen Kizer will discuss the forex market for beginners. No one was born a forex trader. However, you ...
|
||||||
|
