empty
 
 
09.01.2015 12:36 AM
Technical analysis of GBP/USD for January 9, 2015
This image is no longer relevant
Overview:
  • Bearish outlook for January 9, 2015.
  • According to the previous events, the price of GBP/USD pair has still been trapped between 1.5178 and 1.5041. The level of 1.5178 is representing strong resistance. Also, it should be noted that the price of 1.5178 is coinciding with the ratio of 23.6% Fibonacci retracement levels. The minor support has set at the level of 1.5041 (it represents the double bottom). Hence, we expect a range about 85 pips. Therefore, the market is going to call for a downtrend from the level of 1.5178. Thus, sell below the level of 1.5178 in the short term with the first target of 1.5041. It could resume to 1.5003 if the trend is able to break the 1.5041 level.
Observations:
  • Major support will set at 1.4936.
  • The level of 1.5083 is representing the daily pivot point.
  • Major resistance has already set at the price of 1.5178.
  • It should be noted that the weekly range is not very large this week.
  • According to our statistics, the range was between 65 pips and 93 pips daily.
Note:
  • Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account. Fibonacci is in a range trade; it looks like the trend is trapped and going up or down. If you sell or buy in the long term in this period, you will surely lose your profit.
Mourad El Keddani,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Mourad El Keddani
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