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Technical Analysis Reports
GBP/USD - British Pound Dollar, American Session - 01/12/08
01 Dec, 2008 @ 06:14 am EST
1,4974. GBP USD broke 1,5260 support. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,4660 support (314 pips). The price should find a support above 1,4850 (124 pips).
=> We could take a short position at 1,5000. We will put the stop loss above 1,5080 (-80 pips). The targets are 1,4850 (+150 pips, risk/reward 1:1.9), 1,4660 (+340 pips, risk/reward 1:4.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
=> We could take a short position at 1,5000. We will put the stop loss above 1,5080 (-80 pips). The targets are 1,4850 (+150 pips, risk/reward 1:1.9), 1,4660 (+340 pips, risk/reward 1:4.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
- Resistances
- 1,5065 - 1,5260
- Supports
- 1,4960 - 1,4850
Comments
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