empty
 
 
21.08.2012 03:07 PM
GBP/USD Intraday Technical Analysis and Trading Recommendations for August 21, 2012

This image is no longer relevant

The GBP/USD pair has expressed wide range movement which was expected taking into account the wide Linear Regression Blue & Yellow channels expressed on Monday.
The upper limit of the short term Violet channel has been broken yesterday which enhanced the bullish view of the pair in the short term hitting its target at 1.5777.
The lower limit of the Violet channel as well as the midline of the Yellow channel are located around the price level of 1.5710 which is considered to be a valid low risk BUY entry with SL located below 1.5670, while TP levels are located around 1.5715, 1.5744 then 1.5785.
The pair has an important intraday Resistance level located around 1.5765 which is being tested now corresponding to the upper limit of the Yellow channel which is expected to demonstrate a further resistance of the bullish movement in short term.

Summary
Urgency
Analytic
Mohamed Samy
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 $10000 más!
    ¡En Enero, sorteamos $10000 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