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Mar 16
GBP/USD Analysis-July 04,2011
Monday, 04 July 2011 05:14

GBP/USD Intraday Analysis - July 4, 2011: Testing the 1.6185 level, Alert Occurs Correction

Yesterday: Open 1.6063 High 1.6121 Low 1.5974 Close 1.6044

Range of movement of Sterling yesterday reached 100 pips daily with the highest level at 1.6121 and at 1.5974 daily lows.

Currently visible Sterling can still bullish.

The focus of today's economic data for Sterling are:
1. GBP Construction PMI at 15:30 pm
2. GBP Housing Equity Withdrawal q / q at 15:30 pm
3. USD Bank Holiday "Independence Day" 



If prices continued to rise then the opportunity to level 1.6185.

We recommend that if the decline continues the trend of a diagonal line through it opens opportunities to the 1.5962 level.

Prices on the graph H1 stripes seen in the MA05 and MA10 bullish conditions.

While the Stochastic indicator indicating the bearish conditions.