| GBP/USD Technical - 28/Feb |
| Written by Praful Patat |
| Monday, 28 February 2011 05:46 |
|
Now GBPUSD is under up trend line, break of 1.6127 further going up side toward 1.6168 on intraday. Now break of 1.6127 level then continues going down side, target 1.6022 on intraday. GBPUSD is forming Head and Shoulder pattern on 15min chart, confirm if break of 1.6117 further going up side toward 1.6141 and back from there and then come at 1.6117, back from here. If break of 1.6069 support level then next target is 1.5972.
If GBPUSD is not break of 1.6152 daily resistance then continues going down side to 1.5972 support. Now GBPUSD is in No Entry zone area. Possibility to going up side as well down side.
Strategy: GBPUSD buy at 1.6090 target 1.6117, 1.6141 with stop loss at 1.6069
New High: 1.6139, 1.6204, 1.6182.
New Low: 1.6009, 1.6074, 1.6052.
R3-1.6232, R2-1.6182, R1-1.6152, PP-1.6102, S1-1.6052, S2-1.6022, S3-1.5972.
Now GBPUSD is under up trend line, break of 1.6127 further going up side toward 1.6168 on intraday. Now break of 1.6127 level then continues going down side, target 1.6022 on intraday. GBPUSD is forming Head and Shoulder pattern on 15min chart, confirm if break of 1.6117 further going up side toward 1.6141 and back from there and then come at 1.6117, back from here. If break of 1.6069 support level then next target is 1.5972. If GBPUSD is not break of 1.6152 daily resistance then continues going down side to 1.5972 support. Now GBPUSD is in No Entry zone area. Possibility to going up side as well down side. Strategy: GBPUSD buy at 1.6090 target 1.6117, 1.6141 with stop loss at 1.6069 New High: 1.6139, 1.6204, 1.6182. New Low: 1.6009, 1.6074, 1.6052. Pivot: R3-1.6232, R2-1.6182, R1-1.6152, PP-1.6102, S1-1.6052, S2-1.6022, S3-1.5972.
|