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Report date: 21/11/2014
* All times are displayed in GMT (London time)

Summary

BUY
We look to Buy at 1.5665 (stop at 1.5630)


Resistance 3 1.5800
Resistance 2 1.5775
Resistance 1 1.5730
Support 1 1.5660
Support 2 1.5630
Support 3 1.5588

Last Update 21/11/2014 - 10:39am

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Analysis

GBPUSD - Intraday - We look to Buy at 1.5665 (stop at 1.5630)

Posted a Double Bottom formation. Price action continues to be mixed and volatile for 5 days in succession resulting in spikes in both directions. Although the anticipated move higher is corrective, it does offer ample risk/reward today.. Further upside is expected although we prefer to buy into dips close to the 1.5660 level.
Our profit targets will be 1.5725 and 1.5775

Resistance: 1.5730 / 1.5775 / 1.5800
Support: 1.5660 / 1.5630 / 1.5588

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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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