GBP/USD Chart Patter — July 26th 2009

This time I once again show only one Forex chart pattern that I’ve detected during the last trading week. It’s GBP/USD ascending triangle with a small downward slope. This is a bullish continuation figure and I recommend expecting an upward breakout, which can happen in a week or two. Click on the image to get the full-size chart screenshot:

Tags: chart, GBP/USD, technical analysis
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Forex Technical Analysis for 07/27—07/31 Week

July 25th, 2009

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.

Floor Pivot Points
Pair	3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
EUR/USD	1.3927	1.4018	1.4109	1.4200	1.4291	1.4382	1.4473
GBP/USD	1.6013	1.6161	1.6289	1.6437	1.6565	1.6713	1.6841
USD/JPY	91.28	92.18	93.48	94.38	95.69	96.59	97.89
EUR/JPY	129.06	130.57	132.59	134.10	136.12	137.63	139.65

Woodie’s Pivot Points
Pair	2nd Sup	1st Sup	Pivot	1st Res	2nd Res
EUR/USD	1.4018	1.4110	1.4200	1.4292	1.4382
GBP/USD	1.6156	1.6279	1.6432	1.6555	1.6708
USD/JPY	92.28	93.68	94.48	95.89	96.69
EUR/JPY	130.70	132.84	134.23	136.37	137.76

Camarilla Pivot Points
Pair	4th Sup	3rd Sup	2nd Sup	1st Sup	1st Res	2nd Res	3rd Res	4th Res
EUR/USD	1.4101	1.4151	1.4167	1.4184	1.4217	1.4234	1.4251	1.4301
GBP/USD	1.6265	1.6341	1.6366	1.6392	1.6442	1.6467	1.6493	1.6569
USD/JPY	93.57	94.18	94.38	94.58	94.99	95.19	95.39	96.00
EUR/JPY	132.67	133.64	133.96	134.29	134.93	135.26	135.58	136.55

Fibonacci Retracement Levels
Pairs	EUR/USD	GBP/USD	USD/JPY	EUR/JPY
100.0%	1.4291	1.6585	95.29	135.61
61.8%	1.4221	1.6480	94.44	134.26
50.0%	1.4200	1.6447	94.18	133.84
38.2%	1.4178	1.6414	93.92	133.43
23.6%	1.4152	1.6374	93.60	132.91
0.0%	1.4109	1.6309	93.08	132.08