Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

GBP/USD Intra-day signal by AceTrader

Published 08/30/2011, 11:47 PM
Updated 01/01/2017, 02:20 AM
Forex signal:

Hold short with stop as indicated, abv may risk
stronger retrace. of this week's fall to 1.6250/55.

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

GBP/USD : 1.6306

Last Update At 31 Aug 2011 02:33 GMT


Despite cable's narrow movement in Asian morning
, as the early retreat fm 1.6318 to 1.6289 in o/n
NY session signals recovery fm y'day's 1.6255 low
has 'possibly' ended, consolidation with downside
bias remains for subsequent weakness twd 1.6255.


Hold short with stop as indicated, abv may risk
stronger retrace. of this week's fall to 1.6250/55.


Range Forecast
1.6285 / 1.6315

Resistance/Support
R: 1.6318/1.6339/1.6387
S: 1.6279/1.6255/1.6207

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.