empty
 
 
03.08.2012 05:49 PM
GBP/USD Buy Above 1.5550 - For August 13, 2012 (Daily Strategy)

 

The British pound is within the range of 1.5770 to 1.54 consolidation. The fact that initially fired up to 1.57 and then ended at 1.55 does not bode well for this market in the future.
Whether it is likely to continue this movement a little longer or not, will be confined within this range.
Therefore, given that now trades below 1.5550 weekly support (W_S1) is likely to close in 4 hours charts above this level. If the pair manages to hold above 1.5551, we recommend buying with objectives in the short term at 1.5730. Our stop loss is placed below the minimum of yesterday.

 

This image is no longer relevant

 

If you need a personal consultation, contact me via e-mail: [email protected]

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

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