2013.11.26 | GBPUSD Market Analysis
GBPUSD Trends & Fibonacci Retracement Levels
The GBPUSD currency pair has been rising in forex market trading today with the GBPUSD registering a high of 1.61931 and a low of 1.61445 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading above the 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 and looks poised to test the top of the fibonacci retracement (0.00%) of the past 100 days at the 1.6259 level.
GBPUSD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 239.9 pips
30-day current trend is BULLISH / Trend strength of 28.6 pips
60-day current trend is BULLISH / Trend strength of 338.5 pips
90-day current trend is BULLISH / Trend strength of 929.8 pips
180-day current trend is BULLISH / Trend strength of 1044.0 pips
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
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