| Forex Signals 06.08.2007 |
Headlines: Sterling looks brighter against the US dollar
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Long signal |
Short signal |
| GBP/USD |
Buy a break of resistance level at 2.0500
Buy a break of resistance level at 2.0475
Buy a bounce at 2.0370 |
Sell a break of support level at 2.0370
Sell a break of support level at 2.0335
Sell if cannot break the resistance 2.0475 |
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The GBP 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 continues the uptrend and fail to make lower then the previous support 2.0221
* The following analysis is for information only; Finotec is not responsible for any
decisions or misinterpretations based on the given text. |
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Trends:
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Primary Tendency
The primary tendency continues the bullish trend which started from 17 April 2007
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Secondry Tendency
The pair reached 2.0656
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Minor Tendency
The Minor trend is in an uptrend
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Technical levels:
Resistance:
2.0500
2.0475
Support:
2.0370
2.0335
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