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Forex forecast . Overview pair GBP / USD on 12/09/13
Forex forecast . Overview pair GBP / USD on 12/09/13

Technical, fundamental analysis of the situation and the forecast for today.

Pound as the euro , trading at a pinch. Peculiarity of the current growth rates is active accumulation of sales and that the price moves in the upward direction . Naturally, growth always precede the sale , but in this case, the potential has not been exhausted purchases are likely to have large amounts of hedge . Volumetric analysis indicates bullish market sentiment also supported this trend analysis candle -hour chart .

Marks that serve as a guide in order to bulls and bears today . Thus , the range of the strongest resistance , respectively, for the purpose of bull trend 1.6370 - 1.6375 . Support range 1.6330 - 1.6340 . Open position to buy recommend if at the time of publication of the article prices did not go beyond 1.6360 ( above no longer profitable , and the ratio of profit / risk ratio is poor ) .

As for news and incentives levels today are none, price , alas, will not surprise strong volatility and sharp spikes , which can make good money . Forex forecast for today on the side of the bulls, as the leading medium-term trend . By reducing the price and closing below 1.6346 candles can talk about the turn of the short trend.

The fundamental outlook for the GBP / USD

Lean newsflow will not be able to bring a high level of liquidity and, therefore, we do not observe a whale of today. Many newcomers ask about what happened with the market, comparing the former volatility in 2010 , 2011 . History graph shows the powerful corrective waves . During this period, the price could do way more than 200 items ( with a four- hour system ) .

In fact, this fact is related to a greater degree with the change of price preferences of large hedge funds , rather than with an increase in successful traders , as many people think . British economy more closely with the European structure moved closer , which forced to take appropriate measures .

Conclusion: an analytical review and forex forecast on the side of the bulls, as a priority short-term trend ( target : 1.6363 , 1.6374 ) . Medium-term priority on the side of the bears as part of the corrective waves . See proposed trading strategy and make appropriate conclusions.

Intermediate levels of support and resistance for today .

Thus, for a 30- minute analysis period :

1.6285 , 1.6325 , 1.6363 , 1.6374 , 1.6400

Note: This article is not an analytical guidance and reflects the personal opinion of the author.

Shikhaliev Farid , Analysis and Market Forecasts Forex
Category: Forex Forecasts | Views: 1022 | Added by: Tyler | Rating: 5.0/1

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