Worldwide + 24hours + Big Market ( US$2.6 trillion a day)
Small Investment (US$250.. OK!!) + SOHO..LEARN TO EARN!!

Tuesday, October 13, 2009

GBPUSD Analysis Oct 13, 2009

Posted by Harmain at 10:13 AM

As expected, GBPUSD broke below 1.5770 previous low, suggesting that the downtrend from 1.6741 has resumed. Deeper decline is expected to 1.5500-1.5550 area in a couple of days. Initial resistance is at 1.5890, followed by the falling trend line on 4-hour chart extended from 1.6741 to 1.6120, as long as the trend line resistance holds, we would expect downtrend to continue.

0 comments on "GBPUSD Analysis Oct 13, 2009"

Post a Comment

Subscribe to: Post Comments (Atom)
Instaforex

DISCLAMER

Investment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Myfxsifu.blogspot.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Trading in the spot foreign exchange market involves a significant risk of loss and is not suitable for everyone. Clients should evaluate their financial condition in light of the potential risk of loss before deciding to trade. Only discretionary risk capital should be used for trading. Discretionary risk capital is capital that if lost will not cause a change in your lifestyle.

 

myFXSIFU Copyright 2009 Reflection Thanks to Blogger Templates | Designed by Ipiet Templates Image by Tadpole's Notez