empty
 
 
07.12.2011 12:04 PM
GBP/USD Intraday Technical Analysis & Trade Recommendation December 7, 2011

This image is no longer relevant

As we see GBP/USD regression channels for the last three days of the pair movement, the pair has moved sideways when it met the middle line resistance of its yellow channel.

Then one hour ago we have a clear bullish breakout enhancing the bullish view for the intraday traders.

Now we have 1.5615 a broken resistance now acting as intraday support which may be a good long entry.

VIOLET CHANNEL represents Yesterday's movement.

BLUE CHANNEL represents the last 2 days' movement.

YELLOW CHANNEL represents the last 3 days' movement.

Based on the previous analysis:

Level 1.5615 is a good one to buy the pair at with SL below 1.5990.

TP should be placed at 1.5650 then 1.5685.

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Mohamed Samy
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback