GBP/USD

[topman]

GBPUSD, H1.
Date 2013.07.03
Time 18:00
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R3 1.5316
R2 1.5277
R1 1.5214
Pivot 1.5175
S1 1.5112
S2 1.5073
S3 1.5010
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- Descriptions : The trend tunnel showing bullish but price still unable to break R1 level.
- Preference : Wait till the price come into Green Zone for long position entry here.
- Expectation : Price will retrace to the Red zone.
- Chart :

[saiansh23]

Price fly few pips above 1.5110 target And should check 1.5342 high for any Bulls possibility
check the chart

No trades currently must break 1.5342 or 1.5110 on daily For possible enteries both ways
Because If We manage to break below 1.5110 then next target would be 1.4980 Should be on the cards Because
Every wave is overlapping except Last decline Always went according to plan

Regards

I have seen pound getting short of the retracement target of 1.5342 by 40 pips But have we seen the retraceemnt over We need a big confirmation below 1.5110 And if we manage to break below 1.5110 then its done for the target 1.4970 first and then below But if we manage to hold the 1.5110 today then we should be looking to test 1.5342 Again . But why I am sure shot about that Only Price is considering as priority And We can see probably When decline takes a week And retracement takes a single day Then there is everychance That price will rise towards the target again But if does not have any fuel left Then it will quickly than it rise. And that could be the case here as well

Regards
Saiansh
Hope It helps and try to understand the price action

[hafnaoui]

The pair trades within tight range and still limited between the morning mentioned levels, which makes us continue with our neutral attitude until now, waiting to surpass one of the levels that have the keys to detect the next trend.
Expected trading range for today is between: 1.5100 support and 1.5400 resistance.

[saiansh23]

Price fly few pips above 1.5110 target And should check 1.5342 high for any Bulls possibility
check the chart

No trades currently must break 1.5342 or 1.5110 on daily For possible enteries both ways
Because If We manage to break below 1.5110 then next target would be 1.4980 Should be on the cards Because
Every wave is overlapping except Last decline Always went according to plan

Regards

Done 1.4980 also done today so good 130 pips below 1.5110 NOw I would update the weekly chart tomorrow Which tells me that If we manage to break below 1.5060 And 1.5000 would be another good confirmation Then We will see the next target 1.4790 And If we manage to stay below 1.4790 Then next Target would 1.4364 Certainly And In order to tackle the bearish situation overall then we will have to break back above
1.5400-1.5470 And then we can think that a test of high is possible.


But so far pressure is too much on the pair As the governor have replaced And new governor took his first meeting with BOE members and Journalists to discuss the policy and asset plan . But Everything remain as same .

So watch the levels rather than News.
Hope it stay as I said If my Price Action annoucement work as it is working then Below 1.4790 I would sell More pounds
Regards

[hafnaoui]

The pair broke below 1.5000, achieving the required condition to reinforce our bearish trend expectations, which remain valid and active for today unless breaching above 1.5090.
Expected trading range for today is between: 1.4830 support and 1.5185 resistance.

[saiansh23]

Last target of 1.4790 is still valid Before we can see a short term bottom I think But we need to break above 1.5342 to confirm that the bottom is in placed and We are going to test the highs again. But only next weekly candle tell us that what to expect and what to not.

have a nice weekend
Regards

[saiansh23]

D
I would like to see 1.4980 Now will protect the upside
to break below 1.4860 And the target for the decline would be 1.4760 And I think It should
hold now for a correction towards minimum 1.5074 and 1.5350 But Only time will tell that wehter 1.4760 HOlds
Or we are going towrads 1.4650 Extreme support of the pair
Regards
Check the chart

[hafnaoui]

The pair fluctuates in tight range since morning, moving around 1.4900 now, while our expected bearish trend expectations remain valid and active for today unless breaching 1.5000 and holding above it.
Expected trading range for today is between: 1.4700 support and 1.5000 resistance.

[sadikmoh]

Now the involvement of at 1.48305 central support. With a break of this support will be a large sale targets.Wait for the daily close of the candle today.
That was closing down support = good chance sale
Though close above support. Purchase but with caution

[debian]

Let's look at the picture, there are psychological price points where the price will retrace or trend will continues,

some of these points are:
14 877 as resistance
14829 as support

some points are very vital to determine are there rebouds or continue the trend, and I'm sure the price will be cross resistance points and will go to the next level on the Fibonacci retracement level

[uchennafx]

The GBP/USD went on bearish rampage yesterday, and as a result formed bearish engulfing bar, but i will not sell more on this pair because the formation happens at a support level , i will know clearly break of that support would spell boom for the bears. Patience is the key on this pair , am waiting for a break or a rejection to buy .

[safeplay]

gbp/usd forecast today 15 july 2013
as we can see in hourly chart, this pair didn't has the power to move up and it still in correction.
after the correction end, it should be going down to test the support area.
current price: 1.5114
sell entry with stop loss: 1.5170
take profit : 1.5063
good luck...

[alexsandrkg]

On steam GBPUSD opening of week by growth, have updated a local maximum, but at present we approach to strong level 1,5280-1,5310 from these levels big, that correction downwards will begin, has sold still stop has put on the level 1,5340, the first purpose below at level 1,5210 will follow further in a weekend all the purpose 1,5090 as on growth we approach in a turn zone, very good.

[ceceilhen]

On the daily chart, MACD and Stochastic indicators rise could provide an opportunity for the rise in sterling. Sentiment is quite bullish after successful penetrating sterling Average (MA) 50-100 and traded in a bullish channel. Potential reduction and correction may still be limited to the lower limit of the bearish channel.

For the short term, the long position more in line with the stop-loss 1.5250. 1.5410 and 1.5475 (highs 11 April and 25 June) is the resistance. 1.5300 and 1.5255 (the highest price and the lowest July 3 July 22) is support.

Resistance levels: 1.5410, 1.5475, 1.5530

Support levels: 1.5300, 1.5255, 1.5195

[SajidAli92]

GBP/Usd is also a good currency for trading. if a person understand it with full analysis then he can make a good profit form this currency in chart it is going in buying and giving profit to those people which are expert in trading only full expert people can make good profit form this currency it is very difficult to understand this currency.