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Monday, June 30, 2014

FOREX FREE TIPS | GBPUSD INTRADAY UPDATE | 30 JUN 2014

Hello readers,
 I am back with the very favourite technical analysis for you. The pair we are talking about today is GBPUSD. The pair broke multi week high of 1.7041 and is trading about 50 pips above it as current price while writing this article is 1.71052. I strongly feel that those who had bought the pair earlier will book profits here and the pair will move higher than the high of today that is 1.71137 only after a pullback towards 1.7050.



As the stochastics and RSI indicate overbought conditions on  4 H timeframe, our preference is to wait for a pullback and see a candle closing above 8 period exponential moving average on 1H time frame. Best price will be buying near 1.7050. Keep stop loss below 1.69500. And aim for 1.72350 on the higher side.
Do not risk more than 5% of your capital on a single trade. Happy Trading. Email me for any querries about technical analysis.

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  4. EUR/USD TREND: CONSOLIDATE RES 1: 1.2830 RES 2: 1.2880 SUPP 1: 1.2750 SUPP 2: 1.2710 STRATEGY: SELL ON HIGH Best Nifty Future Tips

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