GBP / USD
Support : 1.6239
Resistance : 1.6582
Trading Range : 1.6218 – 1.6582 . By the end of this week , likely it
seems trading range will be in 1.6110 – 1.6430
Trend : Globally trend seems Potential Down
But if trend moving up and breaking level 1.6545, then
level 1.6655 will be next target.
If trend moving down and breaking 1.6325 , then level
1.6110 will be next target
HIMAWAN FOREX method :
SUPPORT line is placed in level where two Moving Average indicator are crossed each other as seems in point A , and B . In this level also CANDLE STICK tail hit middle Bolinger in June 20, as seems in point C.
RESISTANCE line is placed in level where CANDLE STICK upside body hit upline Bolinger in June 2 .
Trend Line below ( in white color ) start in point B where two Moving Average are crossed each other . This point B also in SUPPORT line level. Grab line toward C point , this line shows trend will be potential down turn .
VOLUME indicator shows red lines ( short position ) appears continuously and it shows trend is potential down turn.
To predict trading level range area , I’m using FIBONACCI lines ;
-FIBO 100.0 in level 1.6403 where Moving Average are crossing 2 times
-FIBO 0.0 in level 1.6000 in par of Bolinger below line
-FIBO 161.8 in level 1.6655 in par of Bolinger upper line
