GBP/USD intraday technical analysis for September 23, 2013
September 23, 2013 8:15 am
The GBP/USD pair has an unclear bias for today, it will move in a ranging situation. If today it can breach and close above the M3 level at the 1.6038, it will have a chance to take the Resistance. 1 level at 1.6055. On the contrary, if it can breach and close below the M2 level at 1.5998, it will move to Support. 1 level at 1.5975.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
The GBP/USD pair has an unclear bias for today, it will move in a ranging situation. If today it can breach and close above the M3 level at the 1.6038, it will have a chance to take the Resistance. 1 level at 1.6055. On the contrary, if it can breach and close below the M2 level at 1.5998, it will move to Support. 1 level at 1.5975.
INTRADAY PIVOT LEVELS:
Resistance. 3: 1.6135.
Midpoint. 5: 1.6118.
Resistance. 2: 1.6101.
Midpoint. 4: 1.6078.
Resistance. 1: 1.6055.
Midpoint. 3: 1.6038.
Pivot Point: 1.607021.
Midpoint. 2: 1.5998.
Support. 1: 1.5975.
Midpoint. 1: 1.5958.
Support. 2: 1.5941.
Midpoint. 0: 1.5918.
Support. 3: 1.5895.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email: [email protected]
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
Disclaimer:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
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