GBP/USD Analysis | British Pound - Dollar Rates | GBP to USD -ForexAbode.com

  on December 21 2012 10:51 AM

GBP/USD - Daily and Hourly Charts:

 

GBP/USD Hourly Chart

GBP/USD Daily Chart

GBP/USD Technical Analysis:

British Pound - US Dollar Exchange Rate: 1.6244 (at the time of analysis update) GBP/USD Outlook: Short-term: Sideways//Down. Near-term: Up/Down.

GBP/USD Analysis (December 21, 2012): there is no good trade configuration considering the risk-reward ratio and hence we are not taking any position. Previous Analysis (December 20, 2012): A buy position at 1.6265 with a stop-loss at 1.6240 (-25 pips) and take profit target first at 1.6300 (+35 pips) and then 1.6345 (+80 pips).Note: Please also take a look at GBP USD Outlook for mid-term trading approach/outlook updated on the weekends for GBPUSD.            Note: Please subscribe to the "GBP/USD Technical Analysis alerts" on the right hand side of this page so that we can send email alerts as soon as we update the daily forex technical analysis.You may also share and check any chart alerts for GBP/USD and GBP/USD sentiments in Forex forum and Forex blog.

GBP/USD Interest rate Comparison(For Carry Trades)GBP interest rate0.50%usd interest rate0.25%GBP/USD interest rate comparision0.25%

 

GBP/USD - Resistance and Support with Daily Pivot Points (Values at GMT 00:00)

 

Last Updated (Friday, 21 December 2012 04:22) GMT

GBP/USD's Correlation with other currency majors:

GBP/USD Correlation Values:

GBP/USD Correlation Graph:

 

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