Кино oнлайн Голосов: 1 Адрес блога: http://protelemag.ru/load/ Добавлен: 2011-09-28 02:02:58 блограйдером petol

GBP/USD Intraday Technical Analysis

2012-10-10 12:43:37 (читать в оригинале)

 

 

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel at 1.6030 and seems to initiate a decline. However, a break of these levels will free a large potential and reach the upper limit of its channel at 1.6120.
Technical indicators provide buy 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.
The spot rate is currently testing the intermediate resistance of its channel, we suggest 2 scenarios: the first one is the hypothesis of a decline where we recommend a sell on the level of 1.6030 with the 1st objective at 1.5970 and then at 1.5950. A breakthrough of 1.6050 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 1.6030 with the 1st objective at 1.6090 and then at 1.6120. A breakthrough of 1.6010 will invalidate this scenario.

The material has been provided by Instaforex Company - instaforex.com