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Report date: 24/10/2014
* All times are displayed in GMT (London time)

Summary

BUY
We look to Buy a break of 1.6055 (stop at 1.6030)


Resistance 3 1.6183
Resistance 2 1.6088
Resistance 1 1.6053
Support 1 1.5998
Support 2 1.5950
Support 3 1.5900

Last Update 24/10/2014 - 2:59pm

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Analysis

GBPUSD - Intraday - We look to Buy a break of 1.6055 (stop at 1.6030)

3 negative daily performances in succession. Dips continue to attract buyers. The trend of lower highs is located at 1.6016. Bespoke resistance is located at 1.6054. Buying posted in Asia. Our medium term bias is bullish above 1.6088 towards 1.6342.
Our profit targets will be 1.6088 and 1.6183

Resistance: 1.6053 / 1.6088 / 1.6183
Support: 1.5998 / 1.5950 / 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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