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GBPUSD Analysis - Jun 7, 2008

GBPUSD rebounded sharply from 1.9461. The rise from 1.9461 could possibly be resumption of up trend. Further rise to test 2.0029 resistance is expected in a couple of weeks. Key support is located at 1.9363, only break down below this level will signal resumption of long term down trend.

For long term analysis, the pair formed a long term cycle bottom at 1.9337 (Jan 22 low), the rise from 1.9363 could possibly be resumption of the long term up trend, and rebound to 2.0500 area to reach the next cycle top on weekly chart is now in favor.

gbpusd daily chart

Daily Forex Reports

EURUSD Rising Channel (Aug 28, 2015)
Friday, 28 August 2015 08:36 UTC

Despite its recent sharp selloff, EURUSD is still on an uptrend on its longer-term time frames. The pair is moving inside a rising channel on its 4-hour chart and may be ready to test the channel support at the 1.1000 major psychological level.  ...

GBPCAD Pullback to 200 SMA (Aug 27, 2015)
Thursday, 27 August 2015 07:50 UTC

GBPCAD is currently making a correction to the broken resistance around the 2.0600 major psychological support, which lines up with the 200 SMA on the 1-hour time frame. The short-term 100 SMA is still above the 200 SMA so it’s likely that the...

GBPUSD Retracement Setup (Aug 26, 2015)
Wednesday, 26 August 2015 07:21 UTC

GBPUSD recently broke past the resistance at the 1.5650-.1.5700 psychological levels and is showing signs of a pullback from the rally. The Fib tool appliced on the swing low and high on the 4-hour chart shows that the 38.2% to 50% retracement...

USD/JPY Forecast August 26, 2015, Technical Analysis
Wednesday, 26 August 2015 07:03 UTC

The USD/JPY pair fell slightly during the course of the day on Tuesday, but as you can see continues to hover around the 120 level. By doing so, it looks like the market is trying to find enough buying pressure to continue going higher over the...

GBP/USD Forecast August 26, 2015, Technical Analysis
Wednesday, 26 August 2015 07:02 UTC

The GBP/USD pair initially tried to rally during the course of the session on Tuesday, but found the 1.58 level be far too resistive. Because of this, we turned back around and we close to the day looking for support near the 1.5680 handle. There...

EUR/USD Forecast August 26, 2015, Technical Analysis
Wednesday, 26 August 2015 07:01 UTC

The EUR/USD pair fell during the day on Tuesday, slamming into the 1.14 handle. This was the scene of significant resistance previously, so it should now be support. If we can break back above the 1.15 level, we feel that this market continues to go...

Forex Signals

Sell GBP/CHF @ 1.48209 By Signal Factory
Friday, 28 August 2015 19:00 UTC

Sell GBP/CHF @ 1.48209 By Signal Factory | SL:1.48609 | TP:1.47409 | 2015.08.28 18:51...

Sell NZD/CHF @ 0.62231 By Signal Factory
Friday, 28 August 2015 19:00 UTC

Sell NZD/CHF @ 0.62231 By Signal Factory | SL:0.62631 | TP:0.61431 | 2015.08.28 18:48...

Sell AUD/CHF @ 0.68962 By Signal Factory
Friday, 28 August 2015 19:00 UTC

Sell AUD/CHF @ 0.68962 By Signal Factory | SL:0.69362 | TP:0.68162 | 2015.08.28 18:47...

Close(TP) Buy CHF/JPY @ 126.334 By Signal Factory
Friday, 28 August 2015 18:00 UTC

Close(TP) Buy CHF/JPY @ 126.334 By Signal Factory | Profit: +79 pips | 2015.08.28 17:50...

Sell GBP/NZD @ 2.38724 By Signal Factory
Friday, 28 August 2015 17:45 UTC

Sell GBP/NZD @ 2.38724 By Signal Factory | SL:2.39124 | TP:2.37924 | 2015.08.28 17:36...

Technical Analysis Articles

Tips on Choosing the Right Forex Broker
Wednesday, 29 January 2014 14:43 UTC

According to estimates, the average traded value per day in the forex market is to the tune of $4 trillion, making it the world’s largest financial market. Forex trading is a high-risk activity and investors are susceptible to windfall profits and...

The Two Types of Forex Trading Spreads
Tuesday, 17 December 2013 04:31 UTC

A spread is the difference between the price a trader pays and the price offered by a broker. It is expressed in pip/s. For instance, a trader's price is 4.000 and a broker's offer is 3.500, the difference between them is .500. Thus, the spread is...

What are the political and economic factors associated with forex trading?
Thursday, 24 October 2013 12:32 UTC

For people seeking to engage in forex trading, whether by directly buying currencies or by spreadbetting via a company like IG, the array of political and economic indicators that can move the currency markets...

What's the best way to trade Martingale Forex Trading Strategies?
Monday, 07 October 2013 08:19 UTC

We are not advocating Martingale strategies. But rather, we respect the Martingale concept and believe it has its place in a trader's portfolio. The following tips seek to reduce the overall risk and increase the overall success for Martingale...

Know more about Forex Risk/Reward Ratio
Thursday, 12 September 2013 11:03 UTC

A forex trader will often encounter the term 'risk/reward ratio'. What does this tem actually mean? Would understanding this ratio bring a lot of profit to a trader?

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