Home About the company Daily reviews FOREX: Technical analysis 21.12.12

FOREX: Technical analysis 21.12.12

21.12.2012

GBP / USD

News background:

The pair is under pressure after weak macro data on GDP for the third quarter, which was revised up to +0.9% from 1.0%. The only factor supporting the pound is the weakness of the dollar and the expectation of a positive solution of the budget crisis in the U.S..

Technical picture:

From a technical point of view, a pair of still rising short-term trend. Price below the EMA 5, but still above the EMA 21 and at the bottom of the Bollinger Bands.

Oscillator Stoch. indicates the possibility of a reversal pair up. The RSI shows a continued weakening of the pair.

Trading recommendations. Sell the pair if it drops below 1.6235 to 1.6175 with a local.

Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

Author: admin

Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Review topic

All Fundamental reviews Market news Premarkets Technical reviews