Thursday 4, September 2014
Intraday Support & Resistance Levels
Technical Indicator Signals
Currency Pair Spotlight
GBPUSD: The Sterling kept falling yesterday against Dollar. The latest poll shows that more people in Scotland are in favor of quitting the United Kingdom, which is a clarion for selling Sterling as an event like this would be a disaster for the UK and Scottish economy. Pound/Dollar has reached 7-month low 1.6440. As RSI has reached the bottom below 30, there is a risk of bounce from the current level in short term. However, the bearish trend may probably continue. The resistance is August low 1.6530 and the next bear s’ target may be 1.6250.
For a full market wrap up, see Anthony’s Daily Forex Market Report.
Today’s Key Economic Calendar Events
For the full week’s outlook of events, please see our Economic Calendar
Risk Disclosure: In addition to the website disclaimer below, the material on this page prepared by MXT Global Pty Ltd, does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. The research contained in this report should not be construed as a solicitation to trade. All opinions, news, research, analyses, prices or other information is provided as general market commentary and marketing communication – not as investment advice. Consequently any person acting on it does so entirely at their own risk. The experts writers express their personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy and timeliness and MXT Global shall not be liable for any loss or damage, consequential or otherwise, which may arise from the use or reliance on the service and its content, inaccurate information or typos. No representation is being made that any results discussed within the report will be achieved, and past performance is not indicative of future performance.