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Forecaster is a comprehensive report that guides traders through the trading day
and is based on an integrated blend of techniques perfected by veteran analyst Ian
Copsey. Based on the techniques described in his popular book "Integrated
Technical Analysis" (published John Wiley and Sons.) Ian provides his unique and
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hedge funds to banks and retail traders. Take a free trial to see why so many traders
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Consistent forecasting of price movement in today's Forex market is a forgotten art
that requires a deep understanding of price structure and development. The Daily
Forecaster is a comprehensive report that guides traders through the trading day
and is based on an integrated blend of techniques perfected by veteran analyst Ian
Copsey. Based on the techniques described in his popular book "Integrated
Technical Analysis" (published John Wiley and Sons.) Ian provides his unique and
insightful 9 page daily report to a wide range of traders which currently includes
hedge funds to banks and retail traders. Take a free trial to see why so many traders
rely on his unique analysis.
DAILY ANALYSIS FOR GBPUSD
Posted 11-17-2008 at 04:28 AM by FX-Forecaster.com
Bias: Mixed - waiting for breaks though 1.4700-10 needs to hold to allow a stronger recovery
Break of 1.4760 generated losses to just below the 1.4645 support. Any break now below 1.4700 would threaten a stronger bearish move. Initially this should be back to the 1.1.4557-69 area and probably direct follow-through to 1.4462 at a minimum. This is quite important support as breach would open the risk of much stronger losses to 1.4385 minimum followed by 1.4340 and 1.4305. Also note the 1.4250 support.
For full analysis please open today's full report in PDF format.
Break of 1.4760 generated losses to just below the 1.4645 support. Any break now below 1.4700 would threaten a stronger bearish move. Initially this should be back to the 1.1.4557-69 area and probably direct follow-through to 1.4462 at a minimum. This is quite important support as breach would open the risk of much stronger losses to 1.4385 minimum followed by 1.4340 and 1.4305. Also note the 1.4250 support.
For full analysis please open today's full report in PDF format.
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