empty
 
 
27.02.2012 03:02 PM
GBP/USD Intraday Technical Analysis

This image is no longer relevant
 

 

The spot rate is moving in a medium-term trading range approaching its upper limit in the point 1.5930, indicating a possible decline. However, the breakdown of these levels will reveal a large potential that will initiate the bullish trend.

 

Technical indicators provide signals for SELL-deals, confirming the assumption of a decline that is expected to take place soon. For the last days Bollinger bands have tightened significantly showing a decline in volatility and the beginning of a violent movement.

Proceeding from the previous events, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in the point 1.5930 with a 1st objective seen at 1.5990 and at 1.6030 levels. If the level 1.5910 is passed through, the scenario will be reversed.





 

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
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