Archive for February 15th, 2010

GBP/USD CRITICAL POINTS         2/12/10 UPDATED 5:00 PM

Forex Trading

SUPPORT AND RESISTANCE

SUPPORT #1              1.5653                                         

SUPPORT #2              1.5580      

SUPPORT #3               1.5558

CLASSIC SUPPORT    1.5535             

————————————————————————————————————-

RESISTANCE #1           1.5683

RESISTANCE #2            1.5738

RESISTANCE #3            1.5763

CLASSIC RESISTANCE    1.6050

FIBONACCI AND PIVOTS

$ AREA      SHARED LEVEL      SHARED LEVEL        SHARED LEVEL        SHARED LEVEL      

1.5716          9TH BUFIB 23.6%      10TH BEFIB 78.6%        

1.5687          9TH BUFIB 38.2%      10TH BEFIB 61.8%        

1.5659          DAILY PIVOT            10TH BEFIB 50%         12^TH BEFIB 50%        12^TH BUFIB 23.6%

1.5639          9TH BUFIB 61.8%      10TH BEFIB 38.2%      12TH BEFIB 38.2%         

1.5606          9^TH BUFIB 78.6%         10^TH BEFIB 23.6%        12^TH BUFIB 78.6%

CHANNEL AND 13MA ALERTS

CHANNEL ALERT                                 13MA ALERT

                                                  1.5655                                                1.5660

PRICE IS CURRENTLY ABOVE THE LEVELS

1.5670