Wednesday, 29 February 2012

GBP/USD 29Feb 2012

GBP/USD 29Feb 2012

GBP USD: recovered cable strongly in the trading session yesterday to be able to erase all the losses recorded in trading Monday full, 

despite the attempt to climb daily has been contained at the same point, which represented the top of the previous day and specifically at 1.5899, but the pair were limited retreats, subsequent to show the pattern of side of trading without strong signals up to date on the reflection of a renewed downward even in the near term. In the scenario bullish If husband was able to break the resistance level of 1.5900, this will bring attention to the direction of the annual summits around 1.5927,

 which can be expected there is a gathering of long positions above this level has been paving in the case of crossed open space bullish new and extended in front of the pair will be the main objective about 1.6090 more confidence for this technical assumption can come in the case of the ability of the rising trend line on the chart of the four hours of trying to contain the decline in survival possible with the husband, without procrastination weekly current peaks. On the other hand, the loss of support at 1.5780, which represents the barrier correction of 50% Vebo to rally final and also the level of Almovinj 100 on the chart four hours, this will make the pair an exhibition to complete the next hours the fans place among the trading side and possibly a restoration path downward the past and then the re-test base monthly trading near 1.5650 would not be something unlikely.

S3 S2 S1 PP R1 R2 R31.5761 1.5802 1.5827 1.5869 1.5910 1.5935 1.5977

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