Directly from Vladimir Ribakov's Live Trading Room

We have a possible sell opportunity today regarding this pair. If you look to the H4 charts we can see that we have the start of what might be regular divergence on the MACD histogram.  If price reaches 1.5950-1.5960 range and completes the regular divergence than we can start our attack.  We will be aiming the 20MA of the H4 Bollinger Bands.  This pair also present another opportunity.  If price is able to close above 1.5910 we could also consider this a buy signal to the 1.5950-1.5960 range where at that point we will be looking to sell based on the scenario previously explained.

GBPUSD

GBPUSD trade setup for March 21, 2012

GBP/USD Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
1.5714
1.5766
1.5820
1.5872
1.5926
1.5978
1.6032

Fibonacci
1.5766
1.5806
1.5831
1.5872
1.5912
1.5937
1.5978

Camarilla
1.5844
1.5854
1.5864
1.5872
1.5883
1.5893
1.5903

Woodie's
-
1.5766
1.5820
1.5872
1.5926
1.5978
-

DeMark's
-
-
1.5952
1.5885
1.5846
-
-