empty
 
 
11.02.2014 05:14 PM
GBP/USD intraday technical levels and trading recommendations for February 11, 2014.

This image is no longer relevant
This image is no longer relevant

The previous multiple tops as well as a recent bottom were established around 1.6250. That's why a considerable support was provided around this price level.

The 4H chart reveals an inverted bullish Head and Shoulders pattern which was expressed around 1.6220 aiming towards a 1.6470-1.6500 "prominent resistance zone."

A valid SELL position can be taken at retesting of 1.6500, initial targets are located at 1.6370, 1.6300 then 1.6240. SL should be located above 1.6560.

Stabilization of 4H above the price zone of 1.6470-1.6500 opens the way directly towards 1.6600 as an initial target.

On the other hand, breakdown of 1.6250-1.6200 on a daily basis turns the ongoing bullish bias into a bearish one targeting at 1.6140 initially.

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback