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GBPUSD Technical Analysis Forecast Wednesday, May 07, 2014

ForexZig.com May 7, 2014

GBPUSD Technical Analysis

In the preceding trading day currency pair GBPUSD opened at 1.68671 and closed at 1.69720.

Daily highest price was 1.69956 and daily lowest price was 1.68654.

During the Asian trade the pair GBPUSD opened at 1.68671 and closed at 1.68730. Asian highest level was 1.68736, Asian bottom level was 1.68654.

During the European trade the pair GBPUSD opened at 1.68898 and closed at 1.69463. European highest level was 1.69528, European bottom level was 1.68857.

During the U.S. trade session the pair GBPUSD started the session at 1.69701 and closed at 1.69736. US highest rate was 1.69956, US low was 1.69701.

GBPUSD Wednesday, May 07, 2014 Daily analysis for GBPUSD

Support Resistance points for today

S3 S2 S1 Pivot R1 R2 R3
1.67629 1.68141 1.68931 1.69443 1.70233 1.70745 1.71535

GBPUSD Forecast

We expect short-term adjustment at -0.00102 and a long-term change at -0.00137 or our prediction is range and goal 1.69583.

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