22 July Market Gauge - GBP/USD, Asian Session

Market with continue bullish if break 1.6340. Continuation pattern formed.

21 July Market Gauge - GBP/USD, Asian Session

GU is in range trading moving around 1.6000 - 1.6200.

Latest Resistance is around 1.6165/66 and Support at 1.6066

For breakout, please consider to let the price break 1.6200 (Long) or 1.6000 (Short)

Overall trend for now is ranging.

For range trade, it seem like price hit resistance and going down, consider short until it reach 1.6050.

GBP/USD July

GBP/USD may drop more, since there is no clear signal, no entry.

4hour chart comments

I see two hanging man floating...and the price action is moving around major resistance.
Price may go downward before bullish resume to new high.

GBP/USD at 17 Nov Asia Session

Hanging man is around and divergences still in control.

Yesterday Daily Candlestick: Hanging Man
Divergence: Yes at Daily Chart
Today Pivot: Lower Pivot line suggesting that this pair is bearish.
EMA 75 at 1 hour: Bull
Breakout at 1 hour: No

GBP/USD still in bullish momentum, but the appearent of hanging man & divergence in daily chart chart suggested that this pair might have some correction.

DDFX Forex System in 1 hour chart:
Fast Trend: Bearish
Medium Trend: Bearish
Major Trend: Bullish
Market Sentiment: Bullish

Order Your DDFX Forex System Today at Discounted Price, the price will be up in Jan 2010.

GBP/USD Analysis on 17Nov

Yesterday Daily Candlestick: Normal

Divergence: Yes at Daily Chart

Today Pivot: Upper Pivot line suggesting that this pair is still bull.

EMA 75 at 1 hour: Bull

Breakout at 1 hour: Yes GBP/USD still in bullish momentum, but the appearend of shooting star and hanging man in 1hour chart suggested that this pair might have some correction.

GBP/USD Daily Chart

Hidden Divergence seen in Daily chart. Daily chart is now testing EMA21.

GBP/USD testing the EMA75

It seem like Sterling rebound back and now testing EMA75 at 15 Min Chart.

The price action is still below Daily Pivot Line meaning that this pair is in bearish mode.

Our DDFX system in 1 hour chart still maintain to the bearish site.

We still waiting either the Price Action break the Pivot line and go higher or will wait another bearish signal in 15min chart.

Gbp/Usd Weekly Technical Summaries.

From the image it show clearly how Price Action rebound at EMA72 after a minor decline and went up again but rejected at R1 (1.6622). It end up with 1.6610. Overall our DDFX indicator still show that the Price Action is bullish and we are looking forward to go bullish again next week. Next Resistance is at 23 Oct 2009 High at 1.6692.