GU - 15.1.2010, Jumaat, 4.32pm

Reference 1 ;

Filed Under Daily Forex Forecast
Posted on January 15, 2010 by Yohay

Rujukan = http://www.forexcrunch.com/forex-daily-outlook-january-15th-2010/

GBP/USD Outlook – January 15th

British CB Leading Index is due later. Britain probably got out of recession, at least according to the unofficial NIESR GDP estimate. This helps the Pound rise nicely. Read the British Pound forecast for more.

Britain is out of recession.

Read more in the British Pound forecast.


Reference 2 ;


FOREXSTREET.com
Currency Majors Technical Perspective
Fri, Jan 15 2010, 06:56 GMT
by Ian G Coleman

FXstreet.com Independent Analyst Team

GBPUSD Current price: 1.6330

4 Hourly chart shows that we have reached and touched the large corrective trend line at 1.6356. We are now pushing lower. 1 hr you can see this finishing in a wedge after a perfect ABC correction. We would want to see a break of the trend line at 1.6305 to turn the pair bearish.

Remember, breaks from wedges can be very strong and can target the beginning of the formation. MACD is showing signs of divergence to sell. A break through 1.6371 would negate this view.

Support levels: 1.6307 16252 1.6137

Resistance levels: 1.6362 1.6372 1.6484

GBPUSD : GBPUSD is currently trading near 1.6340 levels. It is having an immediate support near 1.6240 levels where buying can be initiated for the target of 150-200 pips. (GBPUSD 1.6340). Rangebound


http://www.fxstreet.com/news/forex-news/article.aspx?storyid=bd2c1bbf-cc6c-4b8e-a2d4-043e55345e15

Forex: GBP/USD: Resistances at 1.6350/1.6410 will provoke failure - Commerzbank

Fri, Jan 15 2010, 07:43 GMT

http://www.fxstreet.com

FXstreet.com (Barcelona) - The Pound remains rallying on Friday, for the sixth consecutive day, reaching levels at 1.6450 the 55-Day MA, where, according to Karen Jones, technical analyst at Commerzbank, Sterling's rally is expected to stall and come under bearish pressure.

Resistance levels at 1.6351 and 1.6412 should provoke failure on the Pound, says Jones: "Sterling is inching slowly highly and has reached 1.6351 (55 day ma) . This together with resistance at 1.6412 should provoke failure. Our view is unchanged, we look for the rally to stall at the 55 day ma and come under pressure."

On a longer term perspective, Jones expects the Pound to decline towards 1.5830 en route to levels below 1.5700: "We target 1.5832(December low) en route to 1.5690/82 –the 38.2% retracement of the entire move in 2009 and the 55 week ma."


Reference 3 ;

GAINSCOPE.com

http://www.gainscope.com/forex/daily-forex-analysis-and-predictions-for-jan-15-2010/

GBP/USD

It is complicated, we predict that it is more likely to go up to around 1.6380 or may bey 1.64, and after that, it might have potentially to go down to around 1.63 or 1.6250.
(Current Price: 1.6341)


Reference 4 ;

Action Forex :-


http://www.actionforex.com/action-insight/candlesticks-trades/trade-idea%3a-gbp%10usd-%11-buy-at-1.6205-20100115104572/


GBP/USD

Trade Idea: GBP/USD - Buy At 1.6205
Candlesticks Trades | Written by ActionForex.com | Jan 15 10 07:07 GMT |

Trade Idea: GBP/USD - Buy At 1.6205

GBP/USD - 1.6334

Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.6302
Kijun-Sen level : 1.6209
Ichimoku cloud top : 1.6037
Ichimoku cloud bottom : 1.6016
Original strategy
Buy at 1.6195, Target: 1.6360, Stop: 1.6130
New strategy
Buy at 1.6205, Target: 1.6380, Stop: 1.6140


Although the British pound has maintained a firm undertone partly due to active cross-buying in sterling, as current price level is getting too far away from the Kijun-Sen (now at 1.6209) and especially the Ichimoku cloud top (now at 1.6037), suggesting risk remains for a minor correction towards 1.6242 (previous resistance turned support), however, renewed buying interest should emerge around the Kijun-Sen and bring another rally later. As price already reached our indicated upside target at 1.6356/61 (50% Fibonacci retracement of 1.6879 to 1.5832 and 100% projection of 1.5896 to 1.6194 measuring from 1.6063), further sharp move beyond resistance at 1.6412 would not be repeated today.

In view of the above analysis, would not chase this move at current level and we prefer to look for pullback to buy cable.

Only a sustain breach of minor support at 1.6160/65 would signal top has been formed and risk weakness to 1.6100/10 but reckon support at 1.6063 would hold.


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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