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Report date: 28/08/2014
* All times are displayed in GMT (London time)

Summary

BUY
We look to Buy a break of 0.7975 (stop at 0.7955)


Resistance 3 0.8008
Resistance 2 0.7971
Resistance 1 0.7966
Support 1 0.7951
Support 2 0.7940
Support 3 0.7920

Last Update 28/08/2014 - 6:37am

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Analysis

EURGBP - Intraday - We look to Buy a break of 0.7975 (stop at 0.7955)

The medium term bias remains bullish. Buying pressure from 0.7937 resulted in all the initial daily selloff being recaptured. For the last 10 days trading has been broadly confined to the daily Ichimoku Cloud. We have a Gap open at 0.7987 from 22/08 to 25/08. The previous high is located at 0.7966. Bespoke resistance is located at 0.7971.
Our profit targets will be 0.8008 and 0.8025

Resistance: 0.7966 / 0.7971 / 0.8008
Support: 0.7951 / 0.7940 / 0.7920

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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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