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Last Update 31/10/2014 - 1:07pm
AnalysisGBPUSD - Intraday - We look to Buy a break of 1.6000 (stop at 1.5970)
Trades at the lowest level in 10 days. Following yesterday\'s doji the overall trend has stalled and a reversal is possible. Posted a Bullish Outside candle on the 4 hour chart. Bespoke resistance is located at 1.5994. A break of 1.6000 is needed to confirm follow through bullish momentum.
Our profit targets will be 1.6034 and 1.6078
Resistance: 1.5996 / 1.6033 / 1.6078
Support: 1.5950 / 1.5939 / 1.5900
Not sure about the analysis? Learn how to trade our signals >Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information. Hypothetical and simulated performance results do not represent actual trading, may not account for actual market factors and have many limitations. You may not achieve similar profits or results. No representation is being made with respect to performance, profits or results.
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