By
4X EagleEye |
Technical Analysis | Oct 25, 2010 08:11AM GMT |
Short Term Market Outlook
Neutral TrendWe need to see a close above (1.5760) or below (1.5642).. GBPUSD is struggling in a battle between both market forces (bulls and bears) the instrument has a trading range to break. Any four hours close above (1.5760) will open the way for a little push upward to test the resistance level at (1.5837), and a four hours close below (1.5642) will let the instrument test the next support level at (1.5623).
Currency Daily ProfileDaily 200 SMA 1.5260
Daily 100 SMA 1.5569
Daily 50 SMA 1.5675
Daily Stochastic 12.0000
10 Days ATR 0.0132
Important Price LevelsResistance 1.5723 1.5837 1.5942 1.6003 1.6106
Support 1.5623 1.5573 1.5523 1.5473 1.5423
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