Sunday, February 5, 2012

GBP/USD Technical Analysis



April 29, 2010 by Forex Superb  
Filed under Technical Analysis

gbp-usd-technichal-analysis1

Few days ago I was post GBP/USD TA and signal. It seems that those levels are very good support and resistance, price react very well on those levels. Here is some kind of update, so you can trade cable in coming days. Watch possible breakout, but I think price will stay between this trendlines before breakout. I will try buy gbp/usd few time during next days. I will use my strategies to buy cable on smaller time frames.

Here is H1 Cable overview, resistance 1 level is reached, I’m looking for next trade setup (buy), my next target is R2…

gbp-usd-tehnichal-analysis-h11

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  1. [...] is reached yesterdays R2 level. Look at the image above, it’s GBP/USD H4 time frame, we have trendline and superb pattern. [...]



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