Tech Trading
  • Home
  • Join our trading community
  • Back to FXstreet.com

Tech Trading

How to profit from FX Markets by César B. Leiceaga.

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Intraday Techs
  • Medium & Long Term Techs
  • My Trading Diary
  • Uncategorized

Archives

Recent Comments

  • carlab on GBP/USD Dips after BOE minutes
  • César B.Leiceaga on A few lines to have in mind…
  • Amino on A few lines to have in mind…
  • Prakash on A few lines to have in mind…
  • César B.Leiceaga on EUR/AUD Strategy

Tags

aud audusd audusd trading aussie australian dollar cable cad chf eur eurgbp eurgbp technical analysis eurjpy eurjpy forex eurjpy intraday eurjpy technical analysis eurjpy trading euro eurusd eurusd forex eurusd intraday eurusd technical analysis eurusd trading forex forex trading fx gbp gbpjpy gbpusd gold gold trading jpy metals pound silver swiss franc swissy usd usdcad usdcad technical analysis usdchf usdchf forex usdchf technical analysis usdchf trading usdjpy yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

  • Trading FX Ideas
  • Trading Técnico
GBP/USD Breaking 1,6350

Posted on September 18, 2009 at 2:54 in Intraday Techs by César B. Leiceaga

Cable is plunging and breaking through one of the most significant Fib levels as expected.(http://blogs.fxstreet.com/techtrading/2009/09/14/gbpusd-trendline-broken/).

The 61,8 Fib from the whole move 1,6110 - 1,6740 lays around 1,6350 area. The pound is now testing psychological support area at 1,6300.

RSI on 4 hour chart entering oversold zone suggests a rebound only for intraday purposes.

César B.Leiceaga

Tags: cable, gbp, gbpusd, gbpusd tehcnical analysis, usd

2 Responses to “GBP/USD Breaking 1,6350”

  1. on 18 Sep 2009 at 3:04 am1carlab

    Good call César:
    Estoy poniendo mi demanda en 1.6260+- 76.40%Fibo, pero creo que quiza el mismo lunes, si no hoy mismo, vemos el 1.6110. Como ves eur/usd, veremos el 1.4450 próxima semana?

  2. on 18 Sep 2009 at 9:55 am2César B. Leiceaga

    Hola Carlos,

    Yo espero que la semana que viene veamos esos niveles en el EUR/USD de lo contrario 1,4870 y 1,5000 en breve.
    Suerte con tu GBP/USD en 1,6260!

    Un saludo.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.