12.12.201218:47 Forex Analysis & Reviews: GBP/USD Fractal 1.6135 Key Level - For December 12, 2012 (Daily Strategy)

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The pound managed to break the daily fractal level 1.6135. This level is the point that we must observe in order to decide the future of the pair. If the price closes the week above this level it is likely that the next day the pound can move towards the key level of 1.63. On the other hand, if the pair manages to close below this level you can sell up to 1.6024 targets, level of the moving average of 50 periods.

We must be attentive to the fundamental data today from the Fed, we recommend to operate after the announcements.

If you need personal consultation, contact me via e-mail: [email protected]

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.