|GBP/USD Intraday Technical Analysis|
|GBP/JPY Elliott wave count and Fibonacci levels for March 28, 2012|
The spot rate is currently testing the intermediate support of its medium term bullish channel at 1.3320 suggesting a rebound. However, a break of these levels will trigger a return to the lower limit of this one - to 1.3250.
Technical indicators provide buy-signals but are approaching the overbuy zone supporting the assumptions of a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events, the market indicates a bullish opportunity at 1.3320 with the 1st objective of 1.3380, then 1.3400. A break through 1.3300 will invalidate this scenario.
Albert Fitoussi is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please give your vote for this analyst.
analytical expert: Albert Fitoussi
|InstaForex Group © 2007-2014|
|Recommend: Forex Analytics|
Technical analysis of EUR/JPY for November 28, 2014
2014-11-28 08:10:41 UTC+00 2 hours, 34 min. ago
|Views today 660|
Gold Technical analysis for November 28, 2014
2014-11-28 09:56:55 UTC+00 48 min. ago
|Views today 636|
Daily analysis of USDX for November 28, 2014
2014-11-28 04:06:11 UTC+00 6 hours, 39 min. ago
|Views today 697|
Technical Analysis of Gold for November 28, 2014
2014-11-28 05:26:25 UTC+00 5 hours, 18 min. ago
|Views today 602|
Technical analysis of USD/JPY for November 28, 2014
2014-11-28 03:04:46 UTC+00 7 hours, 40 min. ago
|Views today 649|