Land Prime analyst Shadi Abdo
- Member of The Egyptian Society of Technical Analyst
- Head of Education department, Market Strategist, Chief Technical Analyst of Global Leading Forex Brokerage companies
- Trained over 5000 professional trainers more than 10 years
- BSc in Economics from Mansoura University
24 February 2017
powered by Land Prime
The pair is facing a strong resistance level around 1.0595 so there are two ways that the pair may go through one of them during the day; the first thing is a breakout through the level of 1.0600 that it may open the door for the pair for further upward movement during the day that it may reach the level of 1.0700. The other thing is that if the pair respects the level of 1.0600 then a rebound is expected that it may go down targeting the level of 1.0550 during the day.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1.0600 ▪-1.0700 ▪ -- |
▪ 1.0550 ▪-1.0500 ▪ -- |
Follow the report |
- GOLD
The Gold managed successfully to break through the level of 1242. The level of 1242 is acting now as a strong support level that if the pair respects that level it may continue going up to reach the level of 1263 during the day.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1263 ▪ 1265 ▪ -- |
▪ 1242 ▪ 1235 ▪ -- |
We remain bullish as long as the pair is traded above the level of 1242 |
- GBPJPY
The pair may continue going up to reach the level of 142 then a pullback is expected if the pair shows some negative factors that it may go down targeting the uptrend line shown on the chart. On the other hand, breaching the level of 142 can open the door for the pair to reach the level of 143 during the day.
Resistance levels: |
Support levels: |
Recommended: |
▪ 142 ▪ 143 ▪ -- |
▪ 140 ▪ 139 ▪ --
|
We remain bearish as long as the pair is traded below the level of 142. |