empty
 
 
09.10.2012 06:48 PM
GBP/USD Sell Bellow Fractal 1.6128 - For October 09/ 2012 (Daily Strategy)

 The pound touched 1.60 as a result of a UK trade balance deficit which was higher than it was expected. The psychological level of 1.60 is the last support imagination, since the pair has technical support at 1.5956. 

A daily close below 1.60 will be the starting point of the pair’s decline to levels of 1.58. There is probably a rebound above 1.60, until strong resistance at 1.6128. Therefore, it is recommended selling at 1.6128 with targets until 1.5956 (daily fractal).

 

This image is no longer relevant

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

If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback