Sunday, 17 February 2013

GBPUSD Forecast Feb 18 - 22


The British Bulls were out of town last week which allowed the Dancing Bears to reign supreme and made the Cable dived 300 pips to close at 1.5515 , and is stuck in a congestion zone between 1.5537 and 1.5455 . We can expect some lazy bulls to come early week to test the channel resistance at 1.5588 , and if its strong enough, it might test the critical resistance at 1.5644 . Otherwise, and extended bearish trend will slide the Cable further to test the following supports; 1.5384 and 1.5320 .

Sang Banteng British keluar kota dan memberi kesempatan Beruang Penari untuk berleluasa yang mengakibatkan sang Cable terjun bebas sebanyak 300 pip dan menutup di level 1.5515 , and terjebak di zona macet antara level 1.5537 dan 1.5455 . Mungkin akan hadir banteng yang malas pada awal minggu untuk mendongkrak harga menguji resistan channel di level 1.5588 , dan jika ia cukup bertenaga, akan menguji resistan kritis di level 1.5644 . Sebaliknya, kelemahan akan melanjutkan tren bearish ke bawah untuk menguji beberapa support di level; 1.5384 dan 1.5320 .


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