GBP/USD intraday technical levels and trading recommendations for September 11, 2013
Strong bullish sentiment was found in the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400 then 1.5700 where two prominent tops were established. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which was able to break trough 1.5720 which corresponds to August's highest level. The market expressed obvious closure above 1.5575 which invalidated the H&S reversal pattern. This renders the pair bullish towards 1.5900 in the short-term prospect. It is important to note that the market expressed a strong bullish engulfing weekly candlestick unlike the precceeding one. That's why, bullish momentum may be witnessed obviously during this week. Fibonacci Expansion based on the previous swing gives a potential target for the current move up to 1.6040. All bullish expectations depend on not breaking 1.5720 to the downside again.
EUR/USD intraday technical levels for September 12, 2013
Today, EUR/USD has support and resistance at 1.3270 and 1.3358. The rate is accompanied by strong support at 1.3257 and by 1.371 as strong resistance. If EUR/USD breaks out and closes below the 1.3249 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3379 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3283 and at 1.3345, a SELL position. In this case both targets should be located at the level of 1.3314.
GBP/USD intraday technical levels and trading recommendations for September 12, 2013
Strong bullish sentiment was found in the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400 then 1.5700 where two prominent tops were established. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which was able to break trough 1.5720 which corresponds to August's highest level. The market expressed obvious closure above 1.5575 which invalidated the H&S reversal pattern. This renders the pair bullish towards 1.5900 in the short-term prospect. It is important to note that the market expressed a strong bullish engulfing weekly candlestick unlike the precceeding one. That's why, bullish momentum is obviously witnessed during this week. Fibonacci Expansion based on the previous swing gives a potential target for the current move up to 1.6040. All bullish expectations depend on not breaking 1.5720 to the downside again.
EUR/USD intraday technical levels for September 13, 2013
Today EUR/USD has support and resistance at 1.3256 and 1.3344. The rate is accompanied by strong support at 1.3243 and by 1.3357 as strong resistance. If EUR/USD breaks out and closes below the 1.3235 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3365 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3269 and at 1.3331, a SELL position. In this case both targets should be located at the level of 1.3300.
GBP/USD intraday technical levels and trading recommendations for September 13, 2013
Strong bullish sentiment was found in the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400 then 1.5700 where two prominent tops were established. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which was able to break trough 1.5720 which corresponds to August's highest level. The market expressed obvious closure above 1.5575 which invalidated the H&S reversal pattern. This renders the pair bullish towards 1.5900 in the short-term prospect. It is important to note that the market expressed a strong bullish engulfing weekly candlestick unlike the precceeding one. That's why, bullish momentum is obviously witnessed during this week. Fibonacci Expansion based on the previous swing gives a potential target for the current move up to 1.6040. All bullish expectations depend on not breaking 1.5720 to the downside again.
EUR/USD intraday technical levels for September 16, 2013
Today EUR/USD has support and resistance at 1.3314 and 1.3404. The rate is accompanied by strong support at 1.3301 and by 1.3417 as strong resistance. If EUR/USD breaks out and closes below 1.3293 today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3425 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3327 and at 1.3391, a SELL position. In this case both targets should be situated at the level of 1.3357.
GBP/USD intraday technical levels and trading recommendations for September 16, 2013
Strong bullish sentiment was found in the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400 then 1.5700 where two prominent tops were established. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which was able to break trough 1.5720 which corresponds to August's highest level. The market expressed obvious closure above 1.5575 which invalidated the H&S reversal pattern. This opened the way towards 1.5900 initially and probably 1.6000 to be hit soon. It is important to note that the market expressed a strong bullish engulfing weekly candlestick this week too. That is why, bullish momentum may be witnessed during this week. Fibonacci Expansion based on the previous swing gives a potential target for the current move up to 1.6040. All bullish expectations depend on not breaking 1.5800 to the downside again.
EUR/USD intraday technical levels for September 17, 2013
Today EUR/USD has support and resistance at 1.3292 and 1.3380. The rate is accompanied by strong support at 1.3279 and by 1.3393 as strong resistance. If EUR/USD breaks out and closes below 1.3271 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3401 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3305 and at 1.3367, a SELL position. In this case both targets should be situated at the level of 1.3336.
GBP/USD intraday technical levels and trading recommendations for September 17, 2013
Strong bullish sentiment was found in the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400 then 1.5700 where two prominent tops were established. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which was able to break trough 1.5720 which corresponds to August's highest level and the recent established top. The market expressed obvious closure above 1.5575 which invalidated the H&S reversal pattern. This opened the way towards 1.5900 initially and probably 1.6000 to be hit soon. It is important to note that the market expressed a strong bullish engulfing weekly candlestick this week too. That is why, bullish momentum may be obviously witnessed during this week. However, the pair seems to be heading for covering the weekly gap in the meanwhile. Fibonacci expansion based on the previous swing gives a potential target for the current move up to 1.6040. All bullish expectations depend on not breaking 1.5800 to the downside again.
EUR/USD intraday technical levels for September 18, 2013
Today EUR/USD has support and resistance at 1.3311 and 1.3401. The rate is accompanied by strong support at 1.3298 and by 1.3414 as strong resistance. If EUR/USD breaks out and closes below the 1.3290 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3422 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3324 and at 1.3388, a SELL position. In this case both targets should be located at the level of 1.3356.
GBP/USD intraday technical levels and trading recommendations for September 18, 2013
Strong bullish sentiment was found in the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400 then 1.5700 where two prominent tops were established. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which was able to break trough 1.5720 which corresponds to August's highest level and the recent established top. The market expressed obvious closure above 1.5575 which invalidated the H&S reversal pattern. This opened the way towards 1.5900 initially and probably 1.6000-1.6030 to be hit soon. It is important to note that the market expressed a strong bullish engulfing weekly candlestick this week too. That is why, bullish momentum may be obviously witnessed during this week. Fibonacci expansion based on the previous swing gives a potential target for the current move up to 1.6040. All bullish expectations depend on not breaking 1.5800 to the downside again.
EUR/USD intraday technical levels for September 19, 2013
Today EUR/USD has support and resistance at 1.3478 and 1.3568. The rate is accompanied by strong support at 1.3465 and by 1.3581 as strong resistance. If EUR/USD breaks out and closes below the 1.3457 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above the 1.3589 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3491 and at 1.3555, a SELL position. In this case both targets should be located at the level of 1.3523.
GBP/USD intraday technical analysis for September 19, 2013
Yesterday, after the MPC had voted, all economists looked at the UK PDB rise to 0.7%, this made this currency fly high; otherwise at night after the Fed held their bonds buyback at $85 Billion each month, making all the market looks as a good things and made USD go down and now GBP/USD is already running in a new level at 1.6141; however here is the Intraday levels for this pair for today : INTRADAY PIVOT LEVEL: Resistance. 3 : 1.6513. Midpoint. 5 :1.6426. Resistance. 2 :1.6338. Midpoint. 4 :1.6291. Resistance. 1 :1.6243. Midpoint. 3 : 1.6156. Pivot Point : 1.6068. Midpoint. 2 :1.6021. Support. 1 :1.5973. Midpoint. 1 : 1.5885. Support. 2 :1.5798. Midpoint. 0 : 1.5750. Support. 3 : 1.5703.
EUR/USD intraday technical levels for September 20, 2013
Today EUR/USD has support and resistance at 1.3488 and 1.3578. The rate is accompanied by strong support at 1.3475 and by 1.3591 as strong resistance. If EUR/USD breaks out and closes below 1.3467 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3599 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3501 and at 1.3565, a SELL position. In this case both targets should be located at the level of 1.3533.
GBP/USD intraday technical levels and trading recommendations for September 20, 2013
Strong bullish sentiment was found in the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400 then 1.5700 where two prominent tops were established. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which was able to break trough 1.5720 which corresponds to August's highest level and the recent established top. The market expressed obvious closure above 1.5575 which invalidated the H&S reversal pattern. This opened the way towards 1.5900, 1.6000 and 1.6170. It is important to note that the market expressed a strong bullish engulfing weekly candlestick this week too. That is why, bullish momentum was obviously witnessed during this week that pushed through 1.6040 before the immediate bearish rejection took place Yesterday. Fibonacci expansion 100% is located at 1.6040 where the upper limit of the ongoing channel is located. All bearish expectations towards 1.5800-1.5750 depend on not breaking 1.6040 to the upside again.
EUR/USD intraday technical levels for September 23, 2013
Today EUR/USD has support and resistance at 1.3488 and 1.3578. The rate is accompanied by strong support at 1.3475 and by 1.3591 as strong resistance. If EUR/USD breaks out and closes below 1.3467 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3599 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3501 and at 1.3565, a SELL position. In this case both targets should be located at the level of 1.3533.
GBP/USD intraday technical levels and trading recommendations for September 23, 2013
Strong bullish sentiment was found in the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400 then 1.5700 where two prominent tops were established. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which was able to break trough 1.5720 which corresponds to August's highest level and the recent established top. The market expressed obvious closure above 1.5575 which invalidated the H&S reversal pattern. This opened the way towards 1.5900, 1.6000 and 1.6170. It is important to note that the market expressed bearish rejection off 1.6150 which resulted in an inverted hammer weekly candlestick. That is why, bearish movement is expected to take place during this week provided that the bears remain defending the weekly high at 1.6150. Fibonacci expansion 100% is located at 1.6040 where the upper limit of the ongoing channel is located. All bearish expectations towards 1.5800-1.5750 depend on not breaking 1.6040 to the upside again.
EUR/USD intraday technical levels for September 24, 2013
Today EUR/USD has support and resistance at 1.3451 and 1.3541. The rate is accompanied by strong support at 1.3438 and by 1.3555 as strong resistance. If EUR/USD breaks out and closes below 1.3430 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3562 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3464 and at 1.3528, a SELL position. In this case both targets should be located at the level of 1.3496.
GBP/USD intraday technical levels and trading recommendations for September 24, 2013
Strong bullish sentiment was found in the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400 then 1.5700 where two prominent tops were established. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which was able to break trough 1.5720 which corresponds to August's highest level and the recent established top. The market expressed obvious closure above 1.5575 which invalidated the H&S reversal pattern. This opened the way towards 1.5900, 1.6000 and 1.6170. It is important to note that the market expressed bearish rejection off 1.6150 which resulted in an inverted hammer WEEKLY candlestick. That is why, bearish movement is expected to take place during this week provided that the bears remain defending the weekly high at 1.6150. Fibonacci expansion 100% is located at 1.6040 where the upper limit of the ongoing channel is located. All bearish expectations towards 1.5800-1.5750 depend on not breaking 1.6040 to the upside again. Targets for the sellers are located around 1.5885, then 1.5780 if enough bearish momentum is expressed.
EUR/USD intraday technical levels for September 25, 2013
Today EUR/USD has support and resistance at 1.3427 and 1.3517. The rate is accompanied by strong support at 1.3414 and by 1.3530 as strong resistance. If EUR/USD breaks out and closes below 1.3406 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3538 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3440 and at 1.3504, a SELL position. In this case both targets should be located at the level of 1.3472.
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