Day trade
Trade view / 23 August 2016 at 5:59 GMT

GBPUSD: Key average acts as a bullish platform

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: GBPUSD
Price target:
Market price:

The recent fluctuation around the 13 Day Moving Average for GBPUSD was the reason that this week's sentiment was not clear.

This situation has yet to be resolved. Although cable attracted buyers above 1.3000 again, the resulting bounce was not extensive enough to regain Friday’s entire decline.

This price action keeps prices around the average and does not provide strong signals for sentiment but we look for the topside to develop.

Management and risk description

A move to 1.3186 means the stop can be raised to break even


Entry: Buy in 1.3155/60 area and any 1.3121 dip.

Stop: 1.3082 offered.

Target: 1.3186, 1.3217 or even 1.3252.

Time horizon: Intraday, ends London time 1600 (1500 GMT).

Around average
Around Average

 Buyers above 1.3000
Buyers Above 1.3000

 Long term
Long Term
All charts: CQG

— Edited by Adam Courtenay

For more on forex click here           

Non-independent investment research disclaimer applies. Read more
sinesio miranda sinesio miranda
i like this trade thanks..
AlanCollins AlanCollins
Through the 1.3186 target so stop to break even. At 1.3217 the stop could be moved to 1.3190


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail