GBPUSD chart analysis for 22nd July 2010
GBPUSD chart analysis for 22nd July 2010. Please be advised that should you wish to take the trade, this must be done off your own analysis.
GBPUSD Preference would be to: SHORT positions below 1.53 with 1.5115 & 1.508 as next targets.
Alternative scenario would be to: The upside penetration of 1.53 will call for 1.5335 & 1.54.
Comment: the pair is expected to test its intraday bearish channel resistance.
Trend: ST Ltd Upside; MT Range
Key levels
1.54** Intraday resistance
1.5335** Fib retracement (61.8%)
1.53*** Intraday pivot point
1.5192 Last
1.5115** Intraday support
1.508** Intraday support
1.505*** Intraday support
GBPUSD chart analysis for 22nd July 2010
PLEASE ENSURE THAT YOU DO YOUR OWN ANALYSIS PRIOR TO TRADING THE FOREX MARKET AT ALL TIMES!!
GHTime Code(s): a891a
