Negative fundies for the pound on Thursday and riding on the back of the strength of the dollar (Friday) saw a low for the pound.
Bearish start at the beginning of the week but it rose to nearly 200 pips to 1.33711 before the fall of about 350 pips over the Wed-Fri period.
GBPUSD Outlook: 08 Aug 2016 - 12 Aug 2016
High Impact (in red) expected on the following days (GMT +8)
Tue - 4.30pm, 8.30pm
Wed - 10pm, 10.30pm
Thu - 8.30pm
Fri - 8.30pm, 10pm
Wed - 10pm, 10.30pm
Thu - 8.30pm
Fri - 8.30pm, 10pm
Fib Levels
100 - 1.35307
61.8 - 1.32467
50.0 - 1.31607
38.2 - 1.30746
23.6 - 1.29670
0.0 - 1.27949
100 - 1.35307
61.8 - 1.32467
50.0 - 1.31607
38.2 - 1.30746
23.6 - 1.29670
0.0 - 1.27949
Weekly
H - 1.33711
L - 1.30206
O - 1.32211
C - 1.30663
H - 1.33711
L - 1.30206
O - 1.32211
C - 1.30663
Friday
H - 1.31744
L - 1.30206
O - 1.31043
C - 1.30663
If market opens lower than or around the close of 1.30663, wait for the break down to 1.295 to buy. There is a possibility for a retrace to the 50 levels ay 1.31607. If it breaks, there will be a resistance at 1.32243. This will be a good short level.
Resistance - 1.30746, 1.31607, 1.32243, 1.32759, 1.34820
Support - 1.30139, 1.29537, 1.28936
1 comments:
Thank you for the sharing great knowledge and experience it's very helpful and understanding.. free forex signals
as we are looking for this data for a long time
Post a Comment