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August 12, 2014

GBP/USD Daily forex post- US session August 12, 2014

Posted by: ffs @ 12:57 GMT Category: Daily Forex,GBP/USD,Signals

GBP/USD Technical view

Updated:  August 13, 2014 1:48:31 GMT
SPOT GBP/USD Previous day OHLC
Open High Low Close Change
1.6782 1.6795 1.6767 1.6786 0.0014
Today's Support and Resistance
R3 1.6950
R2 1.6900
R1 1.6840
S1 1.6780
S2 1.6740
S3 1.6720

Sterling unchanged versus the dollar after reversing early losses. The pair could test key long term trendline supports at 1.6720 before rebounding to 1.6800- 1.6850. Long the pair at the supports

Trend direction

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

Trading Recommendations

  • Short:

    • N/A
  • Long:

    • Long Sterling at 1.6720 with stops at 1.6670 for targets of 1.6950
Post ID: 9822
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