empty
 
 
10.08.2012 10:47 AM
GBP/USD Intraday Technical Analysis

This image is no longer relevant
 

 

Since yesterday the spot rate is testing the intermediate resistance of its medium term bullish channel at 1.5650 and seems to initiate a decline. The aftereffects of bad macro news from Great Britain could validate this hypothesis. As well the spot rate could return to the lower limit of its channel to 1.5580.
Technical indicators do not provide clears signals but until the resistance is not broken, the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility and holding near the same levels as the upper limit and lower limit of the channel supporting the hypothesis of a violent movement in case of exit.
The spot rate is at its resistance that is why we recommend 2 scenarios: the first one is to buy the spot rate as soon as it is broken through its resistance of 1.5650 with the 1st objective at 1.5710 and then at 1.5730. A breakthrough 1.5630 will invalidate this scenario. The second one is to sell the spot rate on the level of 1.5650 with the 1st objective at 1.5590 and then at 1.5570. A breakthrought 1.5670 will invalidate this scenario.

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2026
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 $10000 mais!
    Em Janeiro nós sorteamos $10000 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