GBP/USD – British Pound Dollar (17th Oct 2008)
Short term (Intraday)
1,7267. GBPUSD currency pair broke 1,7390 support. GBPUSD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBPUSD. The price should find a support above 1,7135 (132 pips). If the support is broken then the target will be 1,6700 (567 pips).
We are waiting for a break of the support to take a short position.
Resistances 1,7390 – 1,7635
Supports 1,7200 – 1,7135
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October 17th, 2008 at 12:46 am
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October 17th, 2008 at 12:47 am
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October 17th, 2008 at 12:58 am
[...] [Technorati] Tag results for forex wrote an interesting post today onHere’s a quick excerpt Short term (Intraday) 1,7267. GBPUSD currency pair broke 1,7390 support. GBPUSD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBPUSD. The price should find a support above 1,7135 (132 pips). If the support is broken then the target will be 1,6700 (567 pips). We are waiting for a break of t [...]
October 17th, 2008 at 1:01 am
[...] Original post by your electronic online portal [...]
October 17th, 2008 at 1:02 am
[...] Original post by your electronic online portal [...]
October 17th, 2008 at 1:08 am
[...] Original post by your electronic online portal [...]