GU - 14.1.2010 - Khamis @ 6.17pm

Reference 1 ;

Forex Daily Outlook – January 14th 2010
Posted on January 13, 2010 by Yohay
Filed Under Daily Forex Forecast

Rujukan = http://www.forexcrunch.com/forex-daily-outlook-january-14th-2010/

GBP/USD Outlook – January 14th

The calendar is crowded today. The main events are a rate decision in Europe and American retail sales. Let’s see what’s up for today:

No British figures are released today. Note that the GBP/USD rose above the 1.6270 resistance line (at the time of writing). The main reason for this is the rise is the NIESR GDP estimate that unofficially reported that the British economy expanded in Q4. The 0.3% growth means that (unofficially) Britain is out of recession.

Read more in the British Pound forecast.


Reference 2 ;


FOREXSTREET.com

Forex Market Outlook on Majors
Thu, Jan 14 2010, 09:06 GMT
AceTrader

http://www.fxstreet.com/technical/forex-forecasts/forex-market-outlook-on-majors/2010-01-14.v02.html

INTRA-DAY GBP/USD:1.6283

Last Update At 14 Jan 2010 08:40 GMT

Despite initial re-test of y'day's NY high of
1.6309 at Asian opening, present retreat suggests
further choppy trading below said res wud continue
in European morning trading, however, reckon 1.6242
(prev. res) wud contain pullback n bring rebound.
Sell on next upmove for 1.6270 n if cables moves
back to 1.6255 1st, buy for another rise to 1.6305.

Range Forecast
1.6260 / 1.6295

Resistance/Support
R: 1.6309/1.6356/1.6412
S: 1.6242/1.6195/1.6137
Published on Thu, Jan 14 2010, 09:09 GMT



Reference 3 ;

GAINSCOPE.com

http://www.gainscope.com/forex/daily-forex-analysis-and-predictions-for-jan-13-2010/


GBP/USD

From around 1.6250, It is more likely to go up to around 1.63 or higher, and after that, it might have potentially to go down to around 1.62.
(Current Price: 1.6286)


Reference 4 ;

Action Forex :-


http://www.actionforex.com/action-insight/gbpusd-outlook/gbp%10usd-daily-outlook-20100114104482/

GBP/USD Daily Outlook

GBPUSD Outlook | Written by ActionForex.com | Jan 14 10 07:40 GMT |
GBP/USD Daily Outlook

Daily Pivots: (S1) 1.6174; (P) 1.6241; (R1) 1.6345

GBP/USD's corrective rise from 1.5892 is still in progress and met mentioned target of 100% projection of 1.5829 to 1.6327 from 1.5896 at 1.6304 already. At this point, intraday bias remains on the upside with 1.6192 minor support intact and further rise could still be seen.

Nevertheless, we'd expect upside to be limited below 61.8% retracement of 1.6875 to 1.5829 at 1.6475 and bring resumption of the whole fall from 1.6875.

On the downside, below 1.6192 minor support will turn intraday bias neutral first. Further break of 1.6062 support will indicate that such correction has possibly completed and recent fall is resuming for 1.5829 and below.

In the bigger picture, we're still favoring the bearish case that medium term rebound from 1.3503, which is is treated as a correction to down trend from 2.1161, has completed at 1.7043. Firm break of 1.5706 cluster support (38.2% retracement of 1.3503 to 1.7043 at 1.5691) will confirm this case and indicate that whole down trend from 2.1161 is likely resuming for a new low below 1.3503.

However, note that sustain break of 61.8% retracement of 1.6875 to 1.5829 at 1.6475. will in turn indicate that whole fall from 1.6875 has completed and recent price actions from 1.7043 are merely consolidations to the larger rise from 1.3503 only.

That is, whole medium term rise from 1.3503 might not be finished yet and another rise could still be seen to 1.7332/8236 (50% and 61.8% retracement of 2.1161 to 1.3503) before completion.


References 5 ;

http://www.fxtechstrategy.com/index.php?option=com_content&view=article&id=48:daillytechnicalstrategist&Itemid=60

GBPUSD: Pressure Builds On The 1.6234/39 Levels.

GBPUSD: As strength continues to be seen with the pair closing higher on Tuesday and opening higher today, risk continues to shape up towards the 1.6234/39 levels, its Dec 31’09/Jan 04’10 highs.

The pair is currently testing its daily 200 ema at 1.6196, a level it must cleanly break to clear the way for a run at the 1.6234/39 levels. We expect either of this level to cap and turn the pair down.

However, if a break of the 1.6234/39 levels materializes we could witness further upside towards the 1.6409 level, its Dec 16’09 high where a break will expose its Nov 25’09 high at 1.6744 and then the 1.6875 level, its Nov 16’0-09 high. Its daily RSI is bullish and pointing higher suggesting further strength.


To the downside, its Jan 07’10 low at 1.6056 comes in as the initial support with a turn below there aiming at the 1.5830 level, its Dec 30’09. Below the latter level will set the stage for the resumption of its declines activated off the 1.6875 level towards the 1.5706 level, its Oct 13’09 low with a clearance of there seeing a 100% price retracement (from 1.5706- 1.6875 levels) and opening the door for additional downside towards its .50 Ret (1.3501-1.7041 rally) at 1.5273. back down.



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