Pivot: 1.6445
Our preference: Sell GBPUSD below 1.6450 with targets @ 1.6300 & 1.6250 in extension.
Stop Loss: A 4 hours close above 1.6500
Conviction: The GBPUSD is approaching the resistance level and remains below 1.6500. Fundamental news are going to play a big role in the next 2 days and towards the end of the year. CCI is in the overbought zone on the 1 hour and the 4 hours charts
| Support 1 |
Support 2 |
Support 3 |
Resistance 1 |
Resistance 2 |
Resistance 3 |
| 1.6190 |
1.6250 |
1.6300 |
1.6500 |
1.6550 |
1.6600 |
FXLords.com mission is to provide a simple approach to understanding Forex, the technical factors and news affecting the financial markets, and further support both the novice and advanced trader through videos and daily newsletters, giving you the tools needed to conduct successful trades. Education is pursued for the Arabic trader to develop his skills and his ‘trading’ senses, in addition to the guidelines needed to handle modern Forex and financial sciences, automated trading programs and in-depth economic reports and how to analyze them, offering the first and finest source of education and innovative service in the Forex Sector. In addition to the daily technical analysis, fundamental outlook and daily recommendations, FXLords provides an interactive section for members, giving them the opportunity to discuss their ideas, comment on the trades of others and follow the advice of FXLords’ experienced members. In doing so, FXLords has opened channels to support traders and money managers in developing all the skills needed by professional traders.
FXLORDS Increase Your Profits
