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August 6, 2014

GBP/USD Daily forex post- US session August 6, 2014

Posted by: ffs @ 13:46 GMT Category: Daily Forex,GBP/USD,Signals

GBP/USD Technical view

Updated:  August 6, 2014 13:46:47 GMT
SPOT GBP/USD Previous day OHLC
Open High Low Close Change
1.6862 1.6888 1.6843 1.6884 0.0022
Today's Support and Resistance
Resistance
Support
R3 1.7060
R2 1.6960
R1 1.6940
S1 1.6820
S2 1.6780
S3 1.6720

Sterling came off the session lows after grazing trendline supports at 1.6820, versus the dollar. The pair is likely to head higher towards trendline resistances at 1.6940- 1.6960, with the downside likely to be capped around the supports

Trend direction

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

Trading Recommendations

  • Short:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
  • Long:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
Post ID: 9751
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