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July 30, 2014

GBP/USD Daily forex post- US session July 30, 2014

Posted by: ffs @ 13:07 GMT Category: Daily Forex,GBP/USD,Signals

GBP/USD Technical view

Updated:  July 30, 2014 13:07:27 GMT
SPOT GBP/USD Previous day OHLC
Open High Low Close Change
1.6982 1.6995 1.6931 1.6943 -0.0039
Today's Support and Resistance
R3 1.7110
R2 1.7060
R1 1.6960
S1 1.6910
S2 1.6830
S3 1.6800

Sterling is extending its losses, holding near key trendline supports at 1.6910, after breaching them briefly. The pair could rebound hereon and test 1.7050- 1.7100 by the end of the week. Initiate long trades at the supports

Trend direction

  • Short term: Bullish
  • Medium term: Bearish
  • Long term: Bearish

Trading Recommendations

  • Short:

    • N/A
  • Long:

    • STOPS TRIGGERED on long Sterling trades initiated at 1.6960
    • Long Sterling AT THE MARKET with stops at 1.6870 for targets of 1.7050 * * Current market price- 1.6910
Post ID: 9657
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