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Posted on May 24, 2013 in GBPUSD |

GBPUSD Analysis 2013-05-24

The outlook has grown increasingly bearish since GBPUSD had remained below its latest swing high at (1.5272).
If this resistance level is broken to the upside, the outlook will deteriorate.

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Posted on May 23, 2013 in GBPUSD |

GBPUSD Analysis 2013-05-23

We expect a bearish overall direction for today.
as far as (1.5272) remains intact; targeting (1.5019) then (1.4983). A close above (1.5272) resistance area will extend gains to (1.5221).

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Posted on May 22, 2013 in GBPUSD |

GBPUSD Analysis 2013-05-22

We see better value in short positions.
If the price will go below the first support at (1.5112), this would confirm continuation of the bearish trend, towards next objective downwards (1.5090) then (1.5023) and (1.4934) will follow.

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Posted on May 21, 2013 in GBPUSD |

GBPUSD Analysis 2013-05-21

We expect a bearish overall direction for today.
as far as (1.5331) remains intact; targeting (1.5239) then (1.5198). A close above (1.5331) resistance area will extend gains to (1.5465).

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Posted on May 20, 2013 in GBPUSD |

GBPUSD Analysis 2013-05-20

The outlook has grown increasingly bearish since GBPUSD had remained below its latest swing high at (1.5331).
If this resistance level is broken to the upside, the outlook will deteriorate.

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Posted on May 17, 2013 in GBPUSD |

GBPUSD Analysis 2013-05-17

We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.5331) zones. A proper confirmation would occur if the GBPUSD will manage to fall beyond the (1.5211) support level.

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