Analysis of GBP/USD , for 22-10-2012 By Taqi Niaxee
Our Preference: LONG positions above 1.599 with 1.604 & 1.6065 in sight.
Alternative scenario: The downside penetration of 1.599 will call for 1.597 & 1.594.
Comment: the pair is facing a pull back on its new support.
Alternative scenario: The downside penetration of 1.599 will call for 1.597 & 1.594.
Comment: the pair is facing a pull back on its new support.
Overall Position : 16% Sell
Forex Quote as of Sunday, Oct 23, 2012
| High | 1.60230 | Low | 1.59731 |
|
52Wk High
1.63066
Since 09/21/12 (-2.00%) |
52Wk Low
1.52347
Since 01/13/12 (+4.90%) |
||
| Open | 1.60058 | Prev Close | 1.60103 |
| Volume | 506,264 | Avg Volume | 949,241 |
| Weighted Alpha | +0.13 | Standard Dev | -0.55 |
| 20-Day Average 1.60838 | 100-Day Average 1.58053 | ||
| 14-Day Rel Strength 42.82% | 14-Day Stochastic 4.28% | ||
| Trend Spotter | Sell | Trend Strength | Weak |
Support & Resistance
| 2nd Resistance Point | 
|
1.60809 |
| 1st Resistance Point | 1.60456 | |
| 1st Support Level | 1.59800 | |
| 2nd Support Level | 1.59497 |
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