GBP/USD Analysis

[tgamin]

GBP/USD 14 August 2008

1) Short-term Intraday analysis.
We see intraday support level at 1.868 with 1.873 as a resistance level. We are expecting further slipping down under the pressure of bad UK news yesterday.
On the other hand, any confirmed movements above 1.88 could signify about beginning of a upward trend.
Intraday sentiment: neutral


2) Weekly perspective.
Very sharp drop from 2.01 to 1.86 levels for the past 14 days gives no any support level for further sinking.

Intraday sentiment: neutral

[tgamin]

GBP/USD 19 August 2008

1) Short-term Intraday analysis.
Due to Bloomberg data, Pound collapsed most for the past 37 years in August. Now downward movement has slowed and we see s support level at 1.955 with a resistance level just above 1.971. We are still out of market and we are waiting for any confirmed signs for buy signals.
Intraday sentiment: neutral


2) Weekly perspective.
First resistance level is at 1.872 with a support level just below 1.857. We are looking for buying pound if it closes above 1.871 by tomorrow.

Intraday sentiment: neutral

[tgamin]

GBP/USD 25 August 2008

1) Short-term Intraday analysis.
Resistance levels is just above 1.951 with a very strong resistance level at 1.956. No obvious support levels so far.
Intraday sentiment: neutral

2) Weekly perspective.
1.857 – 1.869 is a support/resistance level for Pound at the moment. Sell short on a false brake or buy long after break above 1.872.
Intraday sentiment: neutral

[tgamin]

GBP/USD 16 October 2008
Deep financial crisis continues. Markets are extremely volatile.
1) Short-term Intraday analysis.
We see a very strong resistance level at 1.76 for the past week. First support is at 1.72 level.
Intraday sentiment: bearish


2) Weekly perspective.
Pound continues its down movements from 2.0 levels in mid July. We expect pound to be within 1.68-1.76 for the next week.

Intraday sentiment: neutral

[tgamin]

GBP/USD 6th November 2008.
1) Short-term Intraday analysis.
1.577 is a strong support level for the current trading activity with 1.59 as a resistance.
We are looking for some stabilization on the market as US elections passed now.
Intraday sentiment: Bullish


2) Weekly perspective.
1.53 is a psychological bottom for the trading. Any movements below this level could bring further rallies down to 1.5 levels.
1.61 – 1st resistance level.
1.64 – 2nd resistance level.

Intraday sentiment: Bullish

[tgamin]

GBP/USD 10th November 2008.
1) Short-term Intraday analysis.
1,588 level is just the top of two weeks downtrend movement from 1.75 levels down to 1.54. We could see 1.5716-1.575 support level for the coming hours with the cross-trend point situated at 1.578 for the time being. We are looking for closing above 1.59 for confirmation of further gains towards 1.6-1.62.
Intraday sentiment: Neutral


2) Weekly perspective.
Daily candles shadows telling us about possible short-term downtrend movement down to 1.556-1.56 support line. Once again, a very strong support level is 1.53 for the coming weeks.
Intraday sentiment: Neutral

[tgamin]

GBP/USD 12th November 2008.
1) Short-term Intraday analysis.
A very strong downtrend is still the game. The first support level is at 1.537 with no obvious resistance level at the moment.
Intraday sentiment: Neutral


2) Weekly perspective.
There are no signs of any positive movements back 1.65 levels. Previous 5 days candles tell us further slippage of Cable is expected.
Daily sentiment: Bearish

[tgamin]

GBP/USD 18th November 2008.
1) Short-term Intraday analysis.
Pound is still within downtrend from 1.665 down to current levels. We are definitely looking for mid-week closing above 1.51 for a trend break. Short-Term upward trading range has 1.474-1.489 as a bottom for the coming couple of days with 1.5058-1.5220 as a top of the current trading range.
Intraday sentiment: Neutral


2) Weekly perspective.
Week signs of upward trend are about to come on the surface. We will stand aside for a while until any strong signs are revealed.
Intraday sentiment: Neutral

[tgamin]

GBP/USD 10th December 2008.
1) Short-term Intraday analysis.
Pound shows first signs of rate recovery with 1.45 level bottom line. Short term upward trend has its border for the coming day within 1.472-1.475 as a support level. General support/resistance range is 1.48-1.494.
Intraday sentiment: Neutral


2) Weekly perspective.
It is too early to talk about a new trend emerging now.
Intraday sentiment: Neutral