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Report date: 31/10/2014
* All times are displayed in GMT (London time)

Summary

BUY
We look to Buy a break of 1.6000 (stop at 1.5970)


Resistance 3 1.6078
Resistance 2 1.6033
Resistance 1 1.5996
Support 1 1.5950
Support 2 1.5939
Support 3 1.5900

Last Update 31/10/2014 - 1:07pm

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Analysis

GBPUSD - 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

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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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