gbp/usd

http://prntscr.com/4cq2kf
analysis for today 8 / 14 / 2014
GBP/USD (Daily Trade)
I think the movement is still in a bearish trend
replacement (38.2%) 1.6739
Retracement (50%) 1.6756
retracement (61,8%) 1.6772

Extensions (61.8%) 1.6596
Extensions (100.0%) 1.6541
Extensions (138.2%) 1.6486
Extensions (161.8%) 1.6453
calculation based on a Fibonacci retracement then today I choose sell

GBP/USD 8 / 14 / 2014


Resistance 3 1.6799
Resistance 2 1.6769
Resistance 1 1.6749
Pivot Point 1.6688
Support 1 1.6612
Support 2 1.6592
Support 3 1.6562

BUY STOP 1.6749 STOP LOSS 1.6612 TAKE PROFIT 1.6769
SELL STOP 1.6612 STOP LOSS 1.6749 TAKE PROFIT 1.6592

Trading range and technical levels today
Range of price movement for today: 1.6624- 1.6745.
Important technical levels for today.
Support level: 1.6663, 1.6638, 1.6624.
Resistance level: 1.6702, 1.6718, 1.6745.
Area buying for today: 1.6638-1.6624.
Sales area for today: 1.6718- 1.6745

http://prntscr.com/4d26fa
analysis for today 8 / 15 / 2014
GBP/USD (Daily Trade)
I think the movement is still in a bearish trend
replacement (38.2%) 1.6672
Retracement (50%) 1.6677
retracement (61,8%) 1.6681

Extensions (61.8%) 1.6633
Extensions (100.0%) 1.6618
Extensions (138.2%) 1.6603
Extensions (161.8%) 1.6594
calculation based on a Fibonacci retracement then today I choose sell

GBP/USD 8 / 15 / 2014


Resistance 3 1.6811
Resistance 2 1.6781
Resistance 1 1.6761
Pivot Point 1.6685
Support 1 1.6608
Support 2 1.6588
Support 3 1.6558

BUY STOP 1.6761 STOP LOSS 1.6608 TAKE PROFIT 1.6781
SELL STOP 1.6608 STOP LOSS 1.6761 TAKE PROFIT 1.6588

Sort terms traders ...you have to buy this...up word trend still there.don't forget to put your profit or lost here....

good luck!

happy forex!

The abbreviation for the British pound and U.S. dollar (GBP/USD) currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one British pound (the base currency).

It is also worth noting, Trading the GBP/USD currency pair is also known as trading the "Cable".

The value of the GBP/USD pair is quoted as 1 British pound per X U.S. dollars. For example, if the pair is trading at 1.50 it means that it takes 1.5 U.S. dollar to buy 1 British pound.

The GBP/USD is affected by factors that influence the value of the British pound and/or the U.S. dollar in relation to each other and other currencies.

the interest rate differential between the Bank of England (BoE) and the Federal Reserve (Fed) will affect the value of these currencies when compared to each other

When the Fed intervenes in open market activities to make the U.S. dollar stronger, for example, the value of the GBP/USD cross could decline, due to a strengthening of the U.S. dollar when compared to the British pound.

The GBP/USD tends to have a negative correlation with the USD/CHF and a positive correlation to the EURO/USD currency pairs. This is due to the positive correlation of the euro, Swiss franc and the British pound.

The British pound U.S. dollar (GBP USD) is a currency pairing whereby the British pound and the U.S. dollar can be traded against each other.

The GBP/USD can be thought of as the pound versus the dollar - you short the pound and go long the dollar or short the dollar to go long the pound.