empty
 
 
02.10.2012 04:25 PM
GBP/USD Intraday Technical Analysis and Trading Recommendations for October 2, 2012

This image is no longer relevant

This image is no longer relevant

Despite the indecisive movements last week, the GBP/USD pair reacted strongly towards 1.6300 – 1.6350 zone confirming the bearish retracement scenario expected last week.
The GBP/USD pair has been trapped within consolidation range 1.6160-1.6300 which was broken down on Wednesday after showing a bearish Head & Shoulders reversal pattern on the 4H chart which enables 1.6060 in the short-term as long as the pair is trading below 1.6200.
Yesterday, the GBP/USD pair found Intraday support around 1.6100 which prevented further decline of the pair.
Support: 1.6120, 1.6075, 1.6030, and 1.5920
Resistance: 1.6150, 1.6260, 1.6300, and 1.6350.
Intraday support around 1.6160 was broken down last week leading the price to neutral zone in nearest term testing 1.6130-1.6050, while a longer-term support is seen around price level of 1.6025 corresponding to the lower limit of the 4H bullish channel and 1.5920 (50% Fibonacci Level).

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