2013.11.21 | GBPUSD Market Analysis
GBPUSD Trends & Fibonacci Retracement Levels
The GBPUSD currency pair has been rising in forex market trading today after yesterday’s up and down day with the GBPUSD registering a high of 1.61353 and a low of 1.60711. Trends data shows the pair is currently in a short-term uptrend as prices are trading over our favored short-term moving average of 21 periods. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend and remains above the 1.6100 level.
GBPUSD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 139.0 pips
30-day current trend is BULLISH / Trend strength of 21.3 pips
60-day current trend is BULLISH / Trend strength of 423.3 pips
90-day current trend is BULLISH / Trend strength of 960.2 pips
180-day current trend is BULLISH / Trend strength of 1025.2 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 1.62592
— 0.236 – 1.59178
— 0.382 – 1.57065
— 0.500 – 1.55358
— 0.618 – 1.53651
— 0.764 – 1.51538
— 1.000 – 1.48124
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
