Friday, August 1, 2014

GBP/USD Daily

 GBP/USD   Daily
13::45 GMT - New reaction low at 1.6814 so far today before bounce.  Daily indicators are at their most oversold level in the last 18  months or so so we should see a recovery attempt soon. Next lower sup. is at 1.6785. Initial res. is at 1.6865/70 then at today's high at 1.6893.N.I.
R5: 1.7060~ * 23-Jul sell break
R4: 1.7   25, 28-Jul highs
R3: 1.696   25-Jul low
R2: 1.6926 * Thurs high
R1: 1.6893   today high
S1: 1.6814   today low
S2: 1.6785 * 12-Jun low
S3: 1.6740~   10, 11-Jun lows