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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

USDCAD Weekly Analysis - January 25, 2015
Sunday, 25 January 2015 08:23 UTC

USDCAD continued its upward movement from 1.0619 (Jul 3, 2014 low), and the rise extended to as high as 1.2456. Further rise is still possible after a minor consolidation, and next target would be at 1.3000 area. Near term support is at 1.2100,...

USDJPY Weekly Analysis - January 25, 2015
Sunday, 25 January 2015 08:23 UTC

USDJPY is forming a sideways consolidation in a range between 115.56 and 121.84. The sideways movement could be seen to continue in a couple of weeks. As long as 115.56 support holds, the uptrend from 101.06 (Jul 10, 2014 low) could be expected to...

AUDUSD Weekly Analysis - January 25, 2015
Sunday, 25 January 2015 08:22 UTC

AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504 (Jul 1, 2014 high), and the downward movement extended to as low as 0.7880. As long as the trend line resistance holds, further decline could be...

GBPUSD Weekly Analysis - January 25, 2015
Sunday, 25 January 2015 08:21 UTC

GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190 (Jul 15, 2014 high), and the downward movement extended to as low as 1.4950. As long as the trend line resistance holds, the downtrend could be...

EURUSD Weekly Analysis - January 25, 2015
Sunday, 25 January 2015 08:21 UTC

EURUSD's downward movement from 1.3993 (May 8, 2014 high) extended to as low as 1.1115. Further decline is still possible after a minor consolidation, and next target would be at 1.0500 area. Near term resistance is at 1.1500, and the key...

USD/JPY Forecast January 26, 2015, Technical Analysis
Sunday, 25 January 2015 03:52 UTC

The USD/JPY pair fell initially during the course of the session on Friday, but remains within the same the consolidation area that we have been in for the entire week. Ultimately, we believe that this pair will go higher, but recognize that right now...

Forex Signals

Sell NZD/USD @ 0.74674 By Signal Factory
Friday, 23 January 2015 20:00 UTC

Sell NZD/USD @ 0.74674 By Signal Factory | SL:0.75074 | TP:0.73874 | 2015.01.23 19:59...

Buy CAD/CHF @ 0.70686 By Signal Factory
Friday, 23 January 2015 19:15 UTC

Buy CAD/CHF @ 0.70686 By Signal Factory | SL:0.70286 | TP:0.71486 | 2015.01.23 19:04...

Buy GBP/USD @ 1.50059 By Signal Factory
Friday, 23 January 2015 18:15 UTC

Buy GBP/USD @ 1.50059 By Signal Factory | SL:1.49659 | TP:1.50859 | 2015.01.23 18:14...

Buy USD/CHF @ 0.87491 By Signal Factory
Friday, 23 January 2015 17:00 UTC

Buy USD/CHF @ 0.87491 By Signal Factory | SL:0.87091 | TP:0.88291 | 2015.01.23 16:58...

Sell EUR/CHF @ 0.98927 By Signal Factory
Friday, 23 January 2015 16:47 UTC

Sell EUR/CHF @ 0.98927 By Signal Factory | SL:0.99327 | TP:0.98127 | 2015.01.23 16:38...

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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