GBP/USD Analysis 22-10-2012

Analysis of EUR/USD , for 22-10-2012 By Taqi Niaxee

 Overall Position : 50% Buy & 50% Sell

Forex Quote as of Sunday, Oct 21st, 2012
High	1.60234	Low	1.59850
52Wk High 1.63066               Since 09/21/12 (-1.77%)		52Wk Low 1.52347             Since 01/13/12 (+5.14%)
Open	1.60110	Prev Close	1.60037
Volume	134,710	Avg Volume	902,844
Weighted Alpha	+0.46	Standard Dev	+0.26
20-Day Average 1.60945		100-Day Average 1.57994
14-Day Rel Strength 45.95%		14-Day Stochastic 19.56%
Trend Spotter	Sell	Trend Strength	Weak

According to my personal experience the GBP still have strong position against the USD. 

Support & Resistance

2nd Resistance Point		1.61018
1st Resistance Point		1.60528
1st Support Level		1.59678
2nd Support Level		1.59318