GBP/usd

**reky** · 06-04-2007, 11:27 AM

The pound jumped towards the upside last Friday after signs were confirmed showing the upside trend; despite that the move was slight but it let the pound get over the major resistance at 1.9790s. Today with enough momentum the pound is expected to move towards the upside to hit the key resistance level at 1.9880s.

The trading range for today will be between the key resistance at 1.9900 and the key support at 1.9760.

The general trend is up as far as 1.9360 and 1.9200 remains intact, targets will be at 2.0100 and 2.0300.

buying sterling above 1.9809 with a target at 1.9865, stop loss below 1.9765.

**activ** · 06-07-2007, 11:05 PM

what about today

**sound** · 06-14-2007, 09:55 AM

الباوند
المقاومة عند 1.9748 و 1.9771 يجب ان ترد الزوج هبوطا الى 1.9680 والكسر الفعلي للنقطة 1.9752 تصبح النظرة الى صعود

**kedoose** · 07-03-2007, 08:02 AM

Another day for the British pound in the bullish move towards the upside, where it rallied from 2.0070s key support level until the major resistance level at 2.0180s with high levels of momentum due to the clear pressure on the buying side, this move let the technical indicators extend the upside move.

The trading range for today might be between the key resistance level at 2.0250 and the key support level at 2.0100.

The general trend is up as far as 1.9475 and 1.9360 remains intact targets now at 2.0100 and 2.0240

Support 2.0160 2.0142 2.0120 2.0100 2.0080
Resistance 2.0200 2.0221 2.0241 2.0263 2.0280
Recommendation
We expect buying sterling above 2.0140 with a target at 2.0220, stop loss below 2.0100.