17:24Forex Signals on GBP / USD on 12/12/2013
|Forex Signals on GBP / USD on 12/12/2013|
GBP / USD pair on the hourly chart is trading within an uptrend . Rate is below the moving average with period 55 on the hourly chart , the level of 1.6419 , thereby reducing prices .
Signal for a long position will be breakdown up to an hour of resistance at 1.6429 in order to increase the resistance level at 1.6456-65 and in case of breakdown up to an hour to 1.6496 . Stoploss for this strategy can be placed at 1.6380 .
Signal for a short position would be the breakdown on the basis of hours of support at 1.6369 to decline to the support at 1.6352-45 in case of breakdown up to an hour 1.6317 . Stoploss for this strategy can be placed at 1.6417 .
Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts.
In the case of a strong movement in the breakout technical figures , I recommend to wait for the correction . That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown .
Alexei Oleg , portal "Forex Analysis " - signals , forecasts
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