| Forex Signals 02.07.2007 |
Headlines: Will the GBP continue its uptrend?
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Long signal |
Short signal |
| GBP/USD |
Buy a break of resistance level at 2.0190
Buy a break of resistance level at 2.0135
Buy a bounce at 2.0070
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Sell a break of support level at 2.0040
Sell a break of support level at 2.0010
Sell if cannot break the resistance 2.0135
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The Sterling may continue the uptrend against the US dollar; according to technical charts traders predict the price movements by using many time frame analysis, and oscillators like RSI, which gives us bullish signals. The daily chart shows that the GBP/USD recently continue the uptrend.
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Trends:
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Primary Tendency
The primary tendency continue the uptrend which started from 13 March 2006
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Secondry Tendency
The pair reached 2.0135 in 19 April 2007
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Minor Tendency
The hourly chart is in an uptrend
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Technical levels:
Resistance:
2.0190
2.0135
Support:
2.0040
2.0010
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