empty
 
 
24.08.2012 03:19 PM
GBP/USD Intraday Technical Analysis and Trading Recommendations for August 24, 2012

This image is no longer relevant

 

The GBP/USD pair demonstrated a strong bullish movement which was expected considering the movement channel expressed this week within which the pair was consolidating.
The GBP/USD pair has resumed its bullish movement recording a higher high this week at 1.5912 after breaking through 1.5750 reaching the upper limit of the depicted channel without expected bearish retracement.
The pair has an important intraday Resistance level located around 1.5910 which was tested yesterday corresponding to the upper limit of the movement channel which acted as a resistance of the bullish movement in the short term.
The lower limit of the movement channel as well as the significant Support level are located around the price level of 1.5750 where price action should be watched for a possible valid low risk BUY entry with SL located below 1.5700.

Mohamed Samy,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2026
Summary
Urgency
Analytic
Mohamed Samy
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $10000 अधिक!
    में जनवरी हम आकर्षित करते हैं $10000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback