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August 7, 2014

GBP/USD Daily forex post August 7, 2014

Posted by: ffs @ 03:17 GMT Category: Daily Forex,GBP/USD,Signals

GBP/USD Technical view

Updated:  August 7, 2014 3:17:24 GMT
SPOT GBP/USD Previous day OHLC
Open High Low Close Change
1.6885 1.6888 1.6819 1.6853 -0.0031
Today's Support and Resistance
Resistance
Support
R3 1.7090
R2 1.7060
R1 1.6950
S1 1.6830
S2 1.6780
S3 1.6720

Sterling settled lower versus the greenback, capping two successive winning sessions. The pair however inched higher after testing key trendline supports at 1.6830. Near term, the losses could be capped around 1.6780- 1.6830, and the pair expected to rise to 1.6950- 1.7050, although there could be some intra- day volatility

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: 9763
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