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    Helen Brown
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    The document analyzes the GBPUSD currency pair using a daily candlestick chart, market profile charts, and trend indicators. It finds the short-term trend to be neutral to bullish and medium-term trend neutral to bearish. A test of resistance at 1.6283 is expected, with support hoped to hold at 1.6051 and 1.6005; a break below could see a retest of recent lows. Value is said to be building around 1.6060 according to the profile charts.

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    Forex Trading

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    The document analyzes the GBPUSD currency pair using a daily candlestick chart, market profile charts, and trend indicators. It finds the short-term trend to be neutral to bullish and medium-term trend neutral to bearish. A test of resistance at 1.6283 is expected, with support hoped to hold at 1.6051 and 1.6005; a break below could see a retest of recent lows. Value is said to be building around 1.6060 according to the profile charts.

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    © All Rights Reserved
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    4 views1 page

    Report

    Uploaded by

    Helen Brown
    The document analyzes the GBPUSD currency pair using a daily candlestick chart, market profile charts, and trend indicators. It finds the short-term trend to be neutral to bullish and medium-term trend neutral to bearish. A test of resistance at 1.6283 is expected, with support hoped to hold at 1.6051 and 1.6005; a break below could see a retest of recent lows. Value is said to be building around 1.6060 according to the profile charts.

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    of 1

    www.FuturesTechs.co.

    uk
    R4
    R3
    R2
    R1
    S1
    S2
    S3
    S4
    Chart Levels/Trend
    Comment
    Automated levels
    Yesterdays Market Profile
    GBPUSD
    FX Spot
    Daily Candlestick Chart
    1.6283
    1.6237
    1.6160
    1.6118
    1.6051
    1.6033
    1.6005
    1.5977


    Short Term Trend: Neutral - Bullish


    Medium Trend: Neutral - Bearish


    Candlestick Chart says: A sharply bearish day found buyers to bounce on
    Friday and like EURUSD seems to be forming a rising channel (that may
    be a bear flag) with targets of 1.6283 which is also the bigger descending
    channel rail. We look for support at 1.6050 to hold for higher today.
    Below here suggests a retests of the lows with 1.5900/1.5946 and 1.5700
    below.


    Profile Charts says: Value building around 1.6060.


    Summary: The short term trend is still bearish but we look for a test of
    1.6237 next and supports at 1.6051 and 1.6005 to hold.
    14
    th
    October 2014
    Open 1.6066
    High 1.6128
    Low 1.6051
    Close 1.6086
    Change 0.06%
    R3 1.6203
    R2 1.6165
    R1 1.6126
    PP 1.6088
    S1 1.6049
    S2 1.6011
    S3 1.5972
    Yest MPHI 1.6102
    Yest POC 1.6090
    Yest MPLO 1.6060
    10 SMA 1.6098
    20 SMA 1.6203
    50 SMA 1.6396
    ATR 0.0122
    RSI 37

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