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Monday, May 9, 2016

GBPUSD [2016.05.06] Summary


DP
1.4485

Probable DP
1.4450

Historical DP
1.4680
1.4610
1.4570
1.4500
1.4480
1.4350

Daily Info
High    1.45423
Low    1.44140
Close    1.44258


Daily Pivot Point, Resistance and Support
 Pivot Point       1.44607
 R1       1.45074
 R2       1.45890
 R3       1.46357
 R4      1.47173
 S1      1.43791
 S2       1.43324
 S3       1.42508
 S4       1.42041



Notes :
Pair closed below the intra-day value area  and looks like it might drop some more. It might go test a missed pivot point of 1.43886 as of April 25, 2016 and if it moves further south we are looking for it to test the 1.4350 pivot point.

For the Upside, pair is currently below the 1.4450 and a breakout on this point we are looking for it to test the current DP (which also coincides with a historical DP) of  1.4485. Further upside would mean a test of the 1.4450 DP and look for future test of the DPs at 1.4570 and 1.4610

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