empty
 
 
10.10.2014 01:05 AM
Daily analysis of GBP/USD for October 10, 2014

On the H4 chart, GBP/USD has formed a fractal at the resistance level of 1.6240, where the pair performed a pullback as a corrective move. The GBP/USD pair might be forming a bullish pattern to attempt a breakout at that level, although the bearish trend line at the 1.6160 level is strong resistance for this pair. Probably, during today's session, GBP/USD could extend its fall to the support level of 1.6051. The MACD indicator is entering overbought area.

This image is no longer relevant

H4chart's resistance levels: 1.6247 – 1.6435

H4 chart's support levels: 1.6051 - 1.6004

The GBP/USD pair found resistance at 1.6216 level. So far, this pair has been trying to form a bearish pattern below the 200 SMA in the hourly chart. If the GBP/USD succeeds in extending its drop below the support level of 1.6117, it would be expected to fall to 1.6075 level in the short term.

This image is no longer relevant

H1 chart's resistance levels: 1.6170 – 1.6216

H1 chart's support levels: 1.6117 – 1.6075

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.6170, take profit is at 1.6216, and stop loss is at 1.6124.

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