empty
 
 
07.07.2014 03:31 AM
Weekly forecast and an intraday analysis of GBP/USD for July 07-11, 2014

GBP/USD

This image is no longer relevant

Overview-

The pair has been in a highly bullish zone, moving towards the 50.0 fib level at 1.7330 (monthly chart). The monthly momentum indicator is almost near the pervious peek made on November 2011 2.1161 levels. With the help of this, we can expect the pair in the short term to head around 1.73 levels. On the downside, the pair has strong support at 1.6690. The medium-term trend will become negative below 1.6690 levels. The monthly key support level is at 1.7043 levels.

Weekly July- 07-11

This image is no longer relevant

The pair opened with a mild bearish note in Asia's session as of now. We recommend to go, fresh longs, only above 1.7167 or previous week's high at 1.7180. On the down side, it has support at 1.7130, 1.7095, breaking below this, it will test its monthly support level at 1.7043. The daily RSI is indicating an overbought sign. The weekly support is between 1.7020-1.70 for July 07-11, 2014.

Note- cmp 1.7148.

Buy above 1.7080.

Intraday- cmp 1.7163.

This image is no longer relevant

The cable is trading below the hourly moving averages. It has last support at 1.71 levels, below this, it can fall to 1.7050, 1.7020 levels. We recommend to buy above 1.7167, safe buyers, only above 1.7180 levels. The hourly RSI is indicating a down move.

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback