GBP/USD Trendline and Former Highs are Estimated Supports if Reached

| 4 december, 2013 | 0 kommentarer

4Hour

eliottWaves_gbp-usd_body_Picture_9.png, GBP/USD Trendline and Former Highs are Estimated Supports if Reached

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

GBPUSD has broken above multi-month consolidation and traded to a new high for 2013 today (previous high was on Jan 2nd at 1.6380). A measured move from the break of the range is 1.6625. This level is in line with the Aug 2011 high (1.6618).

-Possible supports are the breakout level of 1.6259. Watch trendline support as well. The line is at about 1.6310 on Wednesday.

Trading Strategy: A dip into trendline support and/or the broken support level of 1.6259 may present a long opportunity. I’ll be willing to stay bullish ‘against’ 1.6130 if an opportunity presents itself. Stay tuned.

LEVELS: 1.6207 1.6259 1.6330 | 1.6427 1.6453 1.6572

— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

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GBP/USD Trendline and Former Highs are Estimated Supports if Reached

| 4 december, 2013 | 0 kommentarer

4Hour

eliottWaves_gbp-usd_body_Picture_9.png, GBP/USD Trendline and Former Highs are Estimated Supports if Reached

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

GBPUSD has broken above multi-month consolidation and traded to a new high for 2013 today (previous high was on Jan 2nd at 1.6380). A measured move from the break of the range is 1.6625. This level is in line with the Aug 2011 high (1.6618).

-Possible supports are the breakout level of 1.6259. Watch trendline support as well. The line is at about 1.6310 on Wednesday.

Trading Strategy: A dip into trendline support and/or the broken support level of 1.6259 may present a long opportunity. I’ll be willing to stay bullish ‘against’ 1.6130 if an opportunity presents itself. Stay tuned.

LEVELS: 1.6207 1.6259 1.6330 | 1.6427 1.6453 1.6572

— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *