News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
GBPUSD Classic Technical Report 09.06.2012

GBPUSD Classic Technical Report 09.06.2012

2012-09-06 07:47:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices remain locked between support in the 1.5769-84 area, marked by the March 22 low and the 50% Fibonacci retracement, and the 61.8%level at 1.5906. A break higher targets the 1.60 figure and the 76.4% Fib at 1.6057. Alternatively, a push below support exposes the 1.5638-62 region, defined by a horizontal pivot set from mid-February and the 38.2% retracement.

GBPUSD_Classic_Technical_Report_09.06.2012_body_Picture_5.png, GBPUSD Classic Technical Report 09.06.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES