0
0
Currency Technical Report
Tue, Oct 21 2008, 09:54 GMT
by George Antonakos
GBP/USD
Resistance:1,7180-00/ 1,7240-50/ 1,7280/ 1,7330/ 1,7350-60
Support : 1,7100/ 1,7080/ 1,7050/ 1,7020/ 1,6970/ 1,6930…
Comment: The pound started yesterday with a false break. The retracement below 1,7350 indicated the next move.
Support at 1,7080-00 will probably be tested today. A break will probably lead to 1,7000 and then 1,6800...
Important resistance is found at 1,7200 and 1,7250 .
STRATEGY
Buy : We will try small buy positions at 1,7060-80 with stops below 1,7040. Otherwise, we could buy at a possible break of 1,7200 with target at 1,7270-80… Stops will be set below 1,7170…
Sell: Sell orders could be tried at 1,7190-00, with stops above 1,7130 and target at 1,7100. A clear break of 1,7050 may be used for sell orders and target at 1,6900…
Visit our site for more Currency technical analysis at http://www.fxgreece.gr/en/forex.asp
Technical analysis-Comments
G. Antonakos
Head of Analysis Dept.
DISCLAIMER
1. The details and information included in the above analysis, are part of research based exclusively on currency charts and are of purely instructional and educational nature. None of the information featuring in the analysis can be considered as an invitation for opening positions in FOREX market or in the market of forward contracts or any securities listed on an organized or unorganized market.
2. We assume no responsibility for any kind of losses, profits or property loss resulting, in whole or in part, from acts that are based either directly or indirectly on the processing or the use of information, details and strategies, the reader may find in the analysis. The readers hold full responsibility for the use and the results of their actions.
3. The recipients of the analysis must acknowledge and accept that investment choices of any kind, especially concerning the FOREX market, contain risks (high, low and occasionally zero) of reduction or even loss of their investment. Therefore, they should always be cautious prior to any kind of action.
4. We reserve the right to change the terms and the characteristics of the analysis.
5. The contents of the analysis are solely intended for personal use. They may not be retransmitted, reproduced, distributed, published, adapted, modified or assigned to third parties in any way whatsoever. Anyone having access to them is required to comply with the law provisions on the protection of third party intellectual property rights
Published on Tue, Oct 21 2008, 11:59 GMT
Archive
- Currency Technical Report
Published On Thu, Jul 2 2009, 10:33 GMT - Currency Technical Report
Published On Wed, Jul 1 2009, 10:18 GMT - Currency Technical Report
Published On Tue, Jun 30 2009, 10:41 GMT - Currency Technical Report
Published On Mon, Jun 29 2009, 11:55 GMT - Currency Technical Report
Published On Fri, Jun 26 2009, 11:29 GMT
FXGreece
| 98 Vouliagmenis Ave. Glyfada Athens
http://www.fxgreece.gr/ | trading@fxgreece.gr
Legal disclaimer and risk disclosure
- The details and information included in the provided analysis, are part of research based exclusively on currency charts and are of purely instructional and educational nature. None of the information featuring in the analysis can be considered as an invitation for opening positions in FOREX market or in the market of forward contracts or any securities listed on an organized or unorganized market.
- We assume no responsibility for any kind of losses ,profits or property loss resulting, in whole or in part, from acts that are based either directly or indirectly on the processing or the use of information, details and strategies, the reader may find in the analysis. The readers hold full responsibility for the use and the results of their actions.
- The recipients of the analysis must acknowledge and accept that investment choices of any kind, especially concerning the FOREX market, contain risks (high, low and occasionally zero) of reduction or even loss of their investment. Therefore, they should always be cautious prior to any kind of action.
- We reserve the right to change the terms and the characteristics of the analysis.
- The contents of the analysis are solely intended for personal use. They may not be retransmitted, reproduced, distributed, published, adapted, modified or assigned to third parties in any way whatsoever. Anyone having access to them is required to comply with the law provisions on the protection of third party intellectual property rights.
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.