Archive for February 16th, 2010

GBP/USD CRITICAL POINTS         2/16/10 UPDATED 4:15 PM

Forex Trading

SUPPORT AND RESISTANCE

SUPPORT #1              1.5769                                        

SUPPORT #2              1.5727      

SUPPORT #3               1.5650

CLASSIC SUPPORT    1.5535              

————————————————————————————————————-

RESISTANCE #1           1.5794

RESISTANCE #2            1.5917

RESISTANCE #3           

CLASSIC RESISTANCE    1.6066

FIBONACCI AND PIVOTS

$ AREA      SHARED LEVEL      SHARED LEVEL        SHARED LEVEL        SHARED LEVEL      

1.5703           12TH BEFIB 78.6%    16TH BEFIB 78.6%        

1.5696          11TH BUFIB 23.6%    15TH BUFIB 23.6%   16^th BUFIB 61.8%

1.5677           12^TH BEFIB 61.8%      16^TH BEFIB 50%      

1.5671           11^TH BUFIB 38.2%      15^TH BUFIB 38.2%

1.5652           DAILY PIVOT             12TH BUFIB 50%        15^TH BUFIB 50%        16^TH BEFIB 23.6%

1.5640          12TH BEFIB 38.2%      15TH BEFIB 61.8%              

CHANNEL AND 13MA ALERTS

CHANNEL ALERT                                 13MA ALERT

                                                  1.5695                                                1.5739

PRICE IS CURRENTLY ABOVE THE LEVELS

1.5789