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Forex Technical Analysis and Forecast GBP- USD for the week of January 2 to 6,2012

by admin ·

End of the year difficult for parity like the Eurodollar since we are back in the last week of December 2011 1.5380/70, the area of media to rebound and finish at 5545.

It seems that the difficulties of the euro combined with weak growth in Europe catches up Britain is hardly better off than the economies of the continent. In addition, the fact that Brazil is passed to the classification of England industrialized countries and good economic figures U.S. also helped the dollar at the end of the year to enjoy it.

However, we know that it is best not too look back, the year 2011 is over. Starting January 1, traders call the counters. Also, the current weakness of the pound is strerling may be only temporary. Thus, and as we stay in- above the zone of 5380/5420, parity may well go back to 5720 due north, the upper range 1.60 see later.


Graphically, the daily MACD is still in a consolidation, you also enjoy. We are on the lower range and if the parity is able to take test then it return 5680/5720. To do this we will stoploss of between 5345 and 5355. On the upside, we should be able to come back to 5480/5520 and 5580/5680 and 5720. Help you to these points to set goals

Conversely, a shift in 5370 may lead us to 5250 or 1.50 (1.4980/70). The monthly MACD is ready to send us a bearish signal levels and therefore the lower range are important. On the downside targets are 5250 and 4980/70. Without bouncing on these points while 1.45 should be a goal in the coming years.

Finally, and on top of the range 5720/30 is the first zone of short follow-up of 5780. As long as we remain in the latter, you can sell for the lower range. A passage above 5795 is bullish for 5840 and 1.60.

This week we will play the points of the range and until we go out from the top or bottom.

Our tip for the week, is still playing the consolidation between 5420 and 5720/80

We buy for 5420 55620/80 and 5720/80
We sell 5720/80 to 5620/5580
We sell 5370 to 5220/5020
We buy for 5020 5580

Statistics that can influence the currency pair

January 3rd US FOMC
January 5th US ADP
January 6 Nonfarm Payrolls
January 6 US Unemployment Rate

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  3. Forex Technical Analysis and Forecast GBP- USD for the week of December 19 to 23
  4. Forex Technical Analysis and Forecast GBP-USD for the week of Jan 29 to Feb 30
  5. Forex Technical Analysis and Forecast GBP- USD for the week of December 5 to 9

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This entry was posted on Monday, January 2nd, 2012 at 5:25 am and is filed under Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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