Posts Tagged ‘GBPUSD’
GBPUSD Analysis 2010.12.31

GBPUSD maintains a bid tone for now. Break above (1.5545) may trigger further recovery of the GBPUSD. Going bellow latest swing low at (1.5370), however, would confirm continuation of the bearish trend, towards next objective downwards (1.5109).Sell on rally for today with a stop loss above (1.5545).

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GBPUSD Analysis 2010.12.30

Weakness in GBPUSD is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.5436) at (1.5370) and (1.5290).We will try to sell GBPUSD from our mentioned resistance levels.

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GBPUSD Analysis 2010.12.29

We see high chances of the pair move down gradually towards (1.5236 – 1.5127). A proper confirmation would occur if the GBPUSD will manage to close below the (1.5294) support over today`s trading session.Our bias is on selling GBPUSD with a stop loss above (1.5499) for today.

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