Saturday, 15 December 2012

GBPUSD Forecast Dec 17 - 21


The British Bulls had a stirling week but was held back by November’s high and closed at 1.6157 . A third attempt to break this critcal resistance is on the cards, but a healthy pullback may bring prices down to 1.6095 . When the EMA100 (red line) gets in tandem with the bottom bullish channel at 1.6095 , this support will be like a fortress. That will result in another upswing for an ultimate target of the bullish channel at 1.6245 , but first, it has to fight its way through the critical resistance at 1.6180 .

Sang Banteng British telah melalui minggu yang cemerlang tetapi tertahan dengan level tertinggi November dan menutup di level 1.6157 . Percobaan ketiga akan berlaku untuk menembusi resistan ini, tetapi, demi kesehatan, harga akan melakukan pullback ke level 1.6095 . Apabila EMA100 (garis merah) bersanding dengan bottom bullish channel di level 1.6095, maka resistan ini akan menjadi kuat seperti benteng. Ini akan menghasilkan suatu upswing yang punyai sasaran atas di level 1.6245 , tetapi, pertama ia harus menghadapi dan melewati resistan kritis di level 1.6180 .

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