Sunday, 21 October 2012

GBPUSD Forecast Oct 22-27


The Cable deliberated in the last 4 trading hours last week. An indication that it might creep to test resistance at 1.6068 early week. When that resistance hold its fort, an extended bearish trend will ensue. The primary target is the crossing of channels at 1.5885 , and ultimately, 1.5830 .

Pound Sterling menyamping selama 4 jam terakhir minggu lalu dan ini memberi isyarat bahwa ia akan mencoba merangkak naik untuk mengetes resistance di level 1.6068 pada awal minggu.  Apabila resistance berhasil mempertahankan bentengnya, kelanjutan tren bearish akan berlaku dengan target utama adalah penyilangan channel di level 1.5885 , and support pamungkas di level 1.5830 .

All charts are in H4 time frame.

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