empty
 
 
20.07.2012 03:18 PM
GBP/USD Intraday Technical Analysis and Trading Recommendations for July 20, 2012

This image is no longer relevant

 

The GBP/USD currency pair has been making higher highs and lows within the bullish channels depicted on the chart since last Friday.
The movement channels are directed to the upside with variable bullish tendency. However, the GBP/USD pair has broken down the lower limit of the Violet channel at 1.5715, then the mid-line of the Yellow channel which indicates a possible bearish retracement in the upcoming movement to be targeting at the lower limit of the Yellow channel at 1.5625.
Price level of 1.5622 corresponding to the average daily range of the GBP/USD pair for today and also corresponding to the lower limit of the Yellow channel is considered as a valid low-risk buy entry with SL located below 1.5575.
Price zone 1.5755 - 1.5765 corresponding to the upper limit of the Yellow channel and the backside of the broken Violet channel is considered as a valid low-risk sell entry with SL located above 1.5790.

 

If you like my articles, please vote for me in Analyst of the Year Contest by clicking here.

Mohamed Samy,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
Mohamed Samy
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 $1000 mais!
    Em Fevereiro nós sorteamos $1000 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