GBP/USD Signal - December 6, 2012
Forex pairs in this Article »
GBP/USD
By: DailyForex.com
Currency: GBP/USD Trend Expected Direction: Uptrend Method: Fibonacci & Resistance Description: the GBP/USD Has hit the 23.8% Fibonacci level at 1.6060 which is also a resistance level in this case. The price is also near the uprising trend line which makes this a good point to enter a long position on this pair. Action: Best action is to buy Target Area: First target is 1.6120, second target is 1.6170 and the third is 1.6300 Stop Loss: 1.6015 and if you want to give it a wider range, it can be 1.5870
Currency: GBP/USD Trend Expected Direction: Uptrend Method: Fibonacci & Resistance Description: the GBP/USD Has hit the 23.8% Fibonacci level at 1.6060 which is also a resistance level in this case. The price is also near the uprising trend line which makes this a good point to enter a long position on this pair. Action: Best action is to buy Target Area: First target is 1.6120, second target is 1.6170 and the third is 1.6300 Stop Loss: 1.6015 and if you want to give it a wider range, it can be 1.5870
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