GBP/USD Weekly Sept 21 - 26 2014 (Trading Recommendation)

20 September 2014, 11:07
TATAK NURANDHARI
0
221

USD/JPY extreme over bought 109.45

EUR/GBP Oversold

GBP/USD From COT Data, Large Speculator:

Prev ::> 26.727

Now ::> -6.581 (negatif but GU still up 0.0020)

Trading Recommendation :

  • Confirm Zone to find the trend, downtrend or uptrend (sideway) at --> 1.620737 - 1.617667 (Updated :> Confirm Zone to find the trend, downtrend or uptrend (sideway) at --> 1.61860 - 1.61020)
  • Buy ==> 1.62210 and TP 1.6470/1.6589, Sell ==> 1.6589 and TP 1.6336 (if the trend is up) Updated :> Buy ==> 1.6194/1.62210 and TP 1.6470/1.6589, Sell ==> 1.6589 and TP 1.6336
  • Sell ==> 1.60710 and TP 1.59000 (if the trend is down)

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Update!!!

After overbought and oversold, now most of pairs at the neutral zone.

Forex Majors Trading Recommendation sept 22:

USD/CHF :> Buy => 0.9347/0.9319 and TP => 0.9438/0.9514

EUR/USD :> Sell => 1.2907/1.2946 and TP => 1.2784/1.2745

USD/JPY :> Sell => 109.36 and TP => 108.48

GBP/USD :> Sell => 1.6401 and TP => 1.6246/1.6124


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