empty
 
 
05.11.2012 06:40 PM
GBP/USD - Weekly and Monthly Pivot Points and Signals, For November 05 - 10, 2012

 

The British pound is a few pips above the weekly support of 1.5963 and is above the 200 day moving average periods (blue). Therefore, the pivot points indicate the following.
Once the price closes below 1.6060 (W_S1), a move towards the nearest support of 1.5901 and even the 200 day moving average periods (1.5860) is likely to be.
Above the weekly pivot the pound can resume its upward movement to the target of 1.63, but first it has to face a strong resistance from 1.6133, at this level we recommend selling the pair.
1.6069 and 1.6087 are weekly and monthly pivot points for this week for GBP/USD.

Signals for November 05 - 10, 2012

Sell if a pullback to 1.6059 (W_PV)is observed with take profit at 1.5963 and 1.5860, stop loss is above 1.6131 (W_R1).
Sell if it a pullback to 1.6131 (W_R1) is observed with take profit at 1.5963 and 1.5860, stop loss is above 1.6131 (W_R1).

____WEEKLY_____
Weekly - R3 = 1.6299
Weekly - R2 = 1.6237
Weekly - R1 = 1.6131
Weekly Pivot = 1.6069
Weekly - S1 = 1.5963
Weekly - S2 = 1.5901
Weekly - S3 = 1.5795

If you would like to get this indicator, feel free to contact me via e-mail: [email protected]

If you like my Technical analysis, please vote for me, but first, register at the portal MT5 for a vote to be valid. Thanks. 

This image is no longer relevant

_____MONTHLY____
Monthly - R3 = 1.6562
Monthly - R2 = 1.6390
Monthly - R1 = 1.6259
Monthly Pivot = 1.6087
Monthly - S1 = 1.5956
Monthly - S2 = 1.5784
Monthly - S3 = 1.5653

This image is no longer relevant

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback