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Thread: GU Analysis

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    Default GU Analysis

    Starting new thread based on technical analysis, comments awaited

    A break below 2.0366 can give us a traget 2.0210

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    2.0366 broken now my 2nd target is 2.0210

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    going towards my 2nd target

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    acheived my 2nd target, now lets have a look of breaking this support

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    Market should not go lower than 2.0145. After this move down it should go up to 2.0253 - 2.0333 area

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    Quote Originally Posted by goodday View Post
    Market should not go lower than 2.0145. After this move down it should go up to 2.0253 - 2.0333 area
    The British pound closed last time below critical level at 2.0500 to push the pound down massively and that helped it breach the major support level at 2.370s then to stop at the station of 2.2300s support level. This strong bearish move opened the way to the major support level at 2.0070s again.

    The trading range for today might be between the key resistance level at 2.0300 and the key support level at 2.0150.


    The general trend is up as far as 1.9700 remains intact targets now at 2.0635 and 2.0740.

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    Daily Pivot Points
    GBPUSD 2.0494 2.0230 2.0239 1.9884 2.0057 2.0148 2.0321 2.0412 2.0585 2.0677

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    4 Hours Pivot Points
    GBPUSD 2.0271 2.0225 2.0271 2.0195 2.0210 2.0241 2.0256 2.0287 2.0302 2.0333

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    Hourly Pivot Points
    GBPUSD 2.0268 2.0241 2.0242 2.0206 2.0223 2.0233 2.0250 2.0259 2.0277 2.0286

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    Quote Originally Posted by nadeematta View Post
    acheived my 2nd target, now lets have a look of breaking this support
    I will give you the third target is 2.0200 thats good for this week

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    Quote Originally Posted by sheva View Post
    I will give you the third target is 2.0200 thats good for this week
    its go to the therd target 2.0200

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    acheived my 2nd target 2.0210, now let see a break below

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    yes its below and its going to 2.0250

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