empty
 
 
20.02.2014 10:27 PM
Technical analysis of GBP/USD for February 21, 2014
This image is no longer relevant

Overview:

  • It should be noted that the price of the GBP/USD pair was not stable because the trend has been moving between 1.6630 and 1.6710 since February 17, 2014. Accordingly, it is of the wisdom to be careful in this area. So, the first step is waiting in this spot before investing. As a result, it will probably be that the GBP/USD pair is going to start showing the signs of bullish market at the level of 1.6555. In other words, it will be a good sign to buy above the price of 1.6555 with the first target of 1.6628 in order to test the weekly pivot point and it will call for uptrend to continue its bullish movement towards 1.6822 for forming double top in H1 chart. However, If the pair could not break 1.6822. Consequently, the market will indicate a bearish opportunity at the spot of 1.6830. Thus, the level will be acted as strong resistance on February 21, 2014. for that, it is providing a clear signal for sell deals with the target seen at 1.6766. On the other hand, the stop loss should be placed above 1.6873.
Summary
Urgency
Analytic
Mourad El Keddani
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback