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Intraday Outlook

Posted on October 8, 2009 at 7:27 in Intraday Techs by César B. Leiceaga

GBP/USD: Broke 1,5940-50 level triggering a rally towards 1,6090. Critical resistance ahead at 1,6125, a break and close above would confirm a double bottom.

EUR/USD: Trading a wide range (1,4480 - 1,4845), could squeeze higher post ECB comments to test yearly high’s resistance at 1,4845. Showing signs of short term reversal on 1 hour chart (bearish divergence on RSI).

EUR/GBP: Triangular formation needs breakout to determine direction,capped by 61,80% Fib on weekly chart at 0,9270 area and now rebounding from bullish trendline and 200 SMA on 1 hour.

César B.Leiceaga.

Tags: eurgbp, eurusd, gbpusd, intraday

5 Responses to “Intraday Outlook”

  1. on 09 Oct 2009 at 1:50 am1A.SOLTANI

    DEAR CESAR

    GBP : move higher to 6125 turns correction pattern to ZZ and now by turning rsi/stc. from O.B and bearish candle on h4 ,it seems resumption of M.T downtrend in 38% fibo and just on trendline touch and EMA100 is started.
    I have a trade at 6010,s/l=6070 what is your idea?

    REGARDS

  2. on 09 Oct 2009 at 1:58 am2César B. Leiceaga

    Dear A-SOLTANI,

    I like your trading plan, what is your objective for this trade???

    Regards.

  3. on 09 Oct 2009 at 3:15 am3A.SOLTANI

    DEAR CESAR

    Thanks for your atteention.

    IN my EW counting view, we are in start of W3 down that first target (after first strong support/target at 5770) would be 100% projection at 1.5500.
    about GBP/JPY I think 143.30 would be critical if beak there is no res. until 4450-46

    BEST REGARDS

  4. on 09 Oct 2009 at 8:36 am4César B. Leiceaga

    Dear A-Soltani,

    Congrats for yout cable postion.

    Regards.

  5. on 12 Oct 2009 at 5:13 am5Tech Trading » EUR/GBP To resume uptrend

    [...] Recent Comments César B. Leiceaga on EUR/USD Reversed at key resistanceroy santillan on EUR/USD Reversed at key resistancekrist on USD/CAD Wedge Breakout?César B. Leiceaga on GBP/JPY Daily OutlookCésar B. Leiceaga on Intraday Outlook [...]

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