GBP / USD
Support : 1.6218
Resistance : 1.6582
Trading Range : 1.6401 – 1.6655 . By the end of this week , likely it
seems trading range will be in 1.6495 – 1.6655
Trend : Globaly trend seems in Side Ways as last week trading
range with Potential Down if GBP fail to break 1.6600 level.
HIMAWAN FOREX method :
There’s no significant movement in last week so I still use last week indicator to make Trading Signal in this week.
SUPPORT line is still placed in level 1.6218 as last week forecast.
RESISTANCE line is still placed in 1.6582 s last week forecast .
Trend Line below ( in white color ) start in point where tail of candlestick hit the middle Bolinger . While Trend line upper ( in white color ) start in point where upper tail of candle stick hit the Resistance level line .
VOLUME indicator shows green lines ( long position ) appears but only once than red line ( short position ) remain comes . This shows trend will 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
( the same as last week )
-FIBO 0.0 in level 1.6700 a level where upper Bolinger predicted will be crossed the Trend line ( in white color )
-FIBO 161.8 in level 1.6218 in par of Support level
ECONOMIC CALENDAR :
Important Economic Calendar with relevant impact for GBP / USD is :
June 29th
-BOE Consumer Credit
-Mortgage Approval
-Mortgage Lending
