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GBP/USD Near 38,20% Fib

Posted on September 22, 2009 at 5:11 in Intraday Techs by César B. Leiceaga

Cable’s rebound from 1,6140’s has opened space for further gains against the U.S. dollar.

The next level to watch out for stands at 1,6365 (38,20% Fib) and 1,6400 resistance area where 30,100 and 200 simple moving averages meet.

A reverse in price at this point would signal a continuation of the current bearish trend formed since 1,6750’s high from last week and a retest of previous lows. A close above mentioned levels would negate this theory.

GBP/USD: 4 hour chart

César B.Leiceaga

Tags: cable, gbp technical analysis, gbpusd, gbpusd 4hr chart, gbpusd intraday

3 Responses to “GBP/USD Near 38,20% Fib”

  1. on 23 Sep 2009 at 4:06 am1carlab

    Hola César, he vendido en este punto, pero espero que la correción venga del lado del eur/usd, pero no parece el caso.
    Todavia largo en usd/chf y sufriendo… suerte

  2. on 23 Sep 2009 at 4:50 am2César B. Leiceaga

    Hola Carlos,

    Creo que el giro violento lo van a realizar despues del FOMC rate decision pero creo que es un buen sitio para estar corto ya que la correción que mencionas en Eur/usd tiene que llegar.
    USD/CHF si aguanta 1,02 debería rebotar hasta 1,04 - 1,05 de lo contrario hasta la paridad. Los indicadores dan sobreventa en diario… así que el rebote tiene que estar al caer.

    Mucha suerte!

  3. on 23 Sep 2009 at 5:07 am3carlab

    Gracias. EStoy viendo el USD/CHF diario y semanal. El RSI está muy sobrevendido: Debajo de 25. Y el candle en diario podría indicar una vuelta interesante. Ojalá se dé la vuelta el usd esta tarde. Suerte

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