2013.11.22 | GBPUSD Market Analysis
GBPUSD Trends & Fibonacci Retracement Levels
The GBPUSD currency pair has been virtually unchanged in forex market trading today with the GBPUSD registering a high of 1.62162 and a low of 1.61759 on the day. Trends data shows the pair is currently in a short-term uptrend with as prices trading above our favored short-term linear 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 as prices converge on the 1.6200 level with a recent high of 1.6259 looming up ahead (0% fibo level).
GBPUSD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 250.8 pips
30-day current trend is BULLISH / Trend strength of 37.4 pips
60-day current trend is BULLISH / Trend strength of 401.9 pips
90-day current trend is BULLISH / Trend strength of 951.3 pips
180-day current trend is BULLISH / Trend strength of 1033.1 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.
