English | العربية | Indonesian
Forex Education, Technical Analysis, Trading StrategiesTell me and I will forget; Show me and I will remember; Involve me and I will understand;
Filed under: Market Analysis | 11/09/09 01:39am UTC
swibowo

GBPUSD Daily Forecast: November 09

GBPUSD Forecast:
The GBPUSD also indecisive on Friday. However, as you can see in my h4 chart below, price still convincingly traded above my triangle indicating bullish scenario intact with nearest technical target around 1.6740 area. Immediate support at 1.6595 – 1.6560 area. Break below that area should trigger further bearish momentum and should be seen as potential threat to my bullish outlook.

gbpusd4hchart

No Comments » RSS feed for comments on this post. | TrackBack URL

No comments yet.

Leave a Comment





Search Our Site
Subscribe to our RSS Feed!
Follow us on Twitter!
See us on YouTube!
Live Trading Room
Become a Member - Just $29.95 per month!
Live Trading Room - Connect to Room
Live Trading Room - Weekly Schedule
Free Services
Free Forex Lessons - Register Now!
Free ForexTester 2 Trial
Free NinjaTrader License
FREE Commentaries
Enter your email address to receive our FREE daily market commentaries:

FREE Commentaries

Finance Blogs - Blog Top Sites
Blogarama - The Blog Directory Fave this Blog on Technorati

Educational Partner: FX Open
Strategic Partner: Currensee
Strategic Partner: ForexPros.com
Strategic Partner: IBT FX Center
Community Partner: TheGeekKnows.com

Risk Disclaimer: Investing in the Forex market involves substainal risk of loss, and only risk capital should be used when making such investments.
©2008 FX Instructor, LLC | Problem with the site? Click here to contact us.

';