empty
 
 
12.09.2012 01:59 PM
GBP/USD Intraday Technical Analysis and Trading Recommendations for September 12, 2012

This image is no longer relevant

The GBP/USD pair expressed an obvious bullish rejection towards the lower limit of the depicted movement channels around 1.5825 which pushed the pair towards 1.6130 corresponding to the upper limit of the channel where bearish domination is expected to be.

It's anticipated that if bearish rejection could enable the GBP/USD pair to close below 1.6076(78.6% Fibonacci) again, this will allow the pair to touch the lower targets probably at 1.6030 & 1.5950 initially.

Price action towards resistance levels of 1.6120-1.6130 should be watched on lower timeframes in order to catch an early low risk SELL entry.

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Mohamed Samy
Start trade
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 $10000 more!
    In January we raffle $10000 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
  • 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