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  1. #1
    julienne is offline Newbie
    Join Date
    May 2008
    Location
    california
    Posts
    12

    Question why are my numbers so different???

    good morning,
    I found this this morning about the cable, my quotes, for my game are in the 1.95 area, what is this 2.02 ???

    "GBP/USD Daily
    R3: 2.0280
    R2: 2.0250
    R1: 2.0210/20
    Current Price: 2.0160
    S1: 2.0120
    S2: 2.0080
    S3: 2.0040/50
    Rate finds offers capping strength in the 2.0200/20 area as expected and is falling back to test support at or around the 2.0100 area; look for a reversal later should stops be found under the 2.0080 area from late longs. Strong sell signal given today also suggests rate is topping, aggressive traders can sell above the 2.0180 area if we get it again today. Stops above the market at 2.0240/50 area likely out of reach today. Close under the 2.0080 area opens the door for a test of the 2.0000 area in my view.

    Analysis by: Jason Alan Jankovsky in Association with The Forex Edge"

    thank you for whatever help you can give, julienne


  2. #2
    daydreamer65's Avatar
    daydreamer65 is offline FX-Men Honorary Member
    Join Date
    Aug 2007
    Location
    UK
    Posts
    1,302
    Quote Originally Posted by julienne View Post
    good morning,
    I found this this morning about the cable, my quotes, for my game are in the 1.95 area, what is this 2.02 ???

    "GBP/USD Daily
    R3: 2.0280
    R2: 2.0250
    R1: 2.0210/20
    Current Price: 2.0160
    S1: 2.0120
    S2: 2.0080
    S3: 2.0040/50
    Rate finds offers capping strength in the 2.0200/20 area as expected and is falling back to test support at or around the 2.0100 area; look for a reversal later should stops be found under the 2.0080 area from late longs. Strong sell signal given today also suggests rate is topping, aggressive traders can sell above the 2.0180 area if we get it again today. Stops above the market at 2.0240/50 area likely out of reach today. Close under the 2.0080 area opens the door for a test of the 2.0000 area in my view.

    Analysis by: Jason Alan Jankovsky in Association with The Forex Edge"

    thank you for whatever help you can give, julienne
    This must be an old "pivot point" signal from a few weeks ago,
    the R1, R2, R3 are resistance levels & S1, S2, S3 are support levels.

    For more info on pivot points.

    Pivot Points | 8th Grade: Pivot Points | Learn Forex Trading

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