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Thread: Gbp Intrday Outlook

  1. #1
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    Default Gbp Intrday Outlook

    Although cable has retreated after intra-day
    rise to 1.9870 n consolidation with mild downside
    bias wud be seen, below 1.9795/00 needed to signal
    top is made n yield weakness to 1.9770, however, as
    outlook is consolidative, 1.9730/40 wud hold.

    Abv said res wud extend marginal gain but res
    at 1.9938 wud remain intact. Stand aside for now...

    Range Forecast
    1.9820 / 1.9850

    Resistance/Support
    R: 1.9870/1.9938/1.9959

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    In Profit ngurah's Avatar
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    Default GBP/USD Today

    Cable's intra-day sideways trading is likely to
    continue n only a firm break below minor sup at
    1.9782 wud signal the erratic decline fm 1.9938 has
    resumed, bring re-test of y'day's 1.9743 low later,
    otherwise, further 'choppy' trading is in store.

    Abv 1.9869 wud extend gain to 1.9890/95 but res
    at 1.9908 shud limit upside. Stand aside for now...

    Range Forecast
    1.9800 / 1.9830

    Resistance/Support
    R: 1.9837/1.9869/1.9908
    S: 1.9803/1.9782/1.9743
    sm_smile

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    In Profit muhammadfx's Avatar
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    Default

    GBPUSD Sell @ 1.9821 Target : 1.9726 Stoploss : 1.9880

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    In Profit Goldenfx's Avatar
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    Default

    What is this based, Muhammad? Your technical analysis, fundamental, or what? Can you explain and post your chart?

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