| Forex Signals 16.07.2007 |
Headlines: No surprises as BOE keeps increasing the interest rate, pushing the GBP to rise.
|
| |
Long signal |
Short signal |
| GBP/USD |
Buy a break of resistance level at 2.0410
Buy a break of resistance level at 2.0369
Buy a bounce at 2.0245 |
Sell a break of support level at 2.0245
Sell a break of support level at 2.0205
Sell if cannot break the resistance 2.0369 |
|
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 a bullish signal. The daily chart shows that the GBP/USD recently continues the uptrend. |
|
|
Trends:
|
|
Primary Tendency
The primary tendency continue the uptrend which started from 12 April 2006
|
|
Secondry Tendency
The pair reached 2.0365
|
|
Minor Tendency
The hourly chart is in an uptrend
|
|
|
Technical levels:
Resistance:
2.0410
2.0369
Support:
2.0245
2.0205
|
|
| |
