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July 31, 2014

GBP/USD Daily forex post- US session July 31, 2014

Posted by: ffs @ 13:05 GMT Category: Daily Forex,GBP/USD,Signals

GBP/USD Technical view

Updated:  July 31, 2014 13:05:31 GMT
SPOT GBP/USD Previous day OHLC
Open High Low Close Change
1.6943 1.6955 1.6887 1.6913 -0.0030
Today's Support and Resistance
Resistance
Support
R3 1.7110
R2 1.7060
R1 1.6960
S1 1.6910
S2 1.6800
S3 1.6770

Sterling continued to decline to more than a month and a half lows, sliding below key supports at 1.6910. The losses could extend to 1.6750- 1.6800, if the UK currency does not rebound to settle above the supports in the day's session

Trend direction

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

Trading Recommendations

  • Short:

    • N/A
  • Long:

    • Stops triggered on long positions initiated at 1.6910
Post ID: 9677
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