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Gbp/Usd for today

Posted on January 26, 2009 at 12:25 in Short-Term Analysis by Valeria Bednarik

Nice recovery of the Gbp during the European session, last 4 hours candle is turning the pair bullish for the rest of the day: the 20 SMA is now below actual price, acting as the primary support for the pair @ 1.3785, above recent maximum at 1.3880, the pair could continue first, to 1.3920, followed by the more tough 1.3950 zone, and then 1.4000/10. Only a break above 1.4060 will turn the pair bullish for the rest of the week. Supports, under the mentioned 1.3785 will be at 1.3750, 1.3710 and finally 1.3610/20 zone.

Tags: gbpusd

5 Responses to “Gbp/Usd for today”

on 26 Jan 2009 at 6:45 pm1AdamGeld

Geez, this volatility is madness.
on 27 Jan 2009 at 5:23 am2rofen

“Only a break above 1.4060 will turn the pair bullish for the rest of the week”

how u can get into that conclusion

tq..
on 27 Jan 2009 at 9:39 am3Valeria Bednarik

Hi Adam, yes Gbp yesterday volatily increased above “normal” and seems will continue today. Don’t call it madness, is part of market change: I remember the days when Gbp/Usd top daily range was 150 pips. Those days are over and we have to made a new plan. Maybe a good idea till we adapt to new conditions is to use less leverage and a bit larger stop loss (and take profits, of course)
Regards
Val
on 27 Jan 2009 at 9:40 am4Valeria Bednarik

Hi Rofen! I will made a larger post on Gbp/Usd today and show you what I see, and how do I determinate that zone ok?
Thanks
Val
on 13 Aug 2009 at 12:04 am5Seung

nice blog, thanks for the information

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