empty
 
 
03.04.2013 10:27 AM
Strategy of the day on GBP/USD

This image is no longer relevant

 

The spot rate is currently testing the intermediate support of its medium-term trading range at 1.5070 suggesting a rebound. However, a break of this level will free a large potential and reach the lower limit of its trading range at 1.5030.
Technical indicators do not provide clear signals, but the rate approaches oversell zone and until the support is not broken the assumption of a rebound is most likely. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in the short term.
The spot rate is currently testing the intermediate support of its trading range, we suggest 2 scenarios. The first one is the hypothesis of a rebound where we recommend a buy on the level of 1.5070 with the 1st objective at 1.5130 and then at 1.5150. A breakthrough of 1.5050 will invalidate this scenario. The second scenario is a break of its support where we advise a “sell stop” which means to sell the spot rate as soon as it is broken through its support of 1.5070 with the 1st objective at 1.5010 and then at 1.4990. A breakthrough of 1.5090 will invalidate this scenario.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback