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Mizuho Corporate Bank

The document provides a technical analysis of the British pound (GBP) against the US dollar from October 2, 2009 to March 2, 2010. It includes daily price quotes and Ichimoku indicator values showing the GBP stuck between support at the 50% Fibonacci level and resistance from the thin Ichimoku cloud in late January and mid-February. The analysis recommends small long positions at 1.6240 with a stop below 1.6100 and targets of 1.6380 and 1.6450. Key support and resistance levels are also listed.

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35 views1 page

Mizuho Corporate Bank

The document provides a technical analysis of the British pound (GBP) against the US dollar from October 2, 2009 to March 2, 2010. It includes daily price quotes and Ichimoku indicator values showing the GBP stuck between support at the 50% Fibonacci level and resistance from the thin Ichimoku cloud in late January and mid-February. The analysis recommends small long positions at 1.6240 with a stop below 1.6100 and targets of 1.6380 and 1.6450. Key support and resistance levels are also listed.

Uploaded by

Miir Viir
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Mizuho Corporate Bank

Technical Analysis 22 January 2010


GBP
GBP=D3, Last Quote [Candle], Last Quote [Ichimoku 9, 26, 52, 26] Daily
02Oct09 - 02Mar10
Pr
GBP=D3 , Last Quote, Candle
22Jan10 1.6198 1.6243 1.6168 1.6239
GBP=D3 , Last Quote, Tenkan Sen 9 1.68
22Jan10 1.6261
GBP=D3 , Last Quote, Kijun Sen 26
22Jan10 1.6146
GBP=D3 , Last Quote, Senkou Span(a) 52 1.67
26Feb10 1.6203
GBP=D3 , Last Quote, Senkou Span(b) 52
26Feb10 1.6356 1.66
GBP=D3 , Last Quote, Chikou Span 26
18Dec09 1.6239

1.65

1.64

1.63

1.62

1.61

1.6

1.59

1.58

1.57
05Oct09 12Oct 19Oct 26Oct 02Nov 09Nov 16Nov 23Nov 30Nov 07Dec 14Dec 21Dec 28Dec 04Jan 11Jan 18Jan 25Jan 01Feb 08Feb 15Feb 22Feb 01Mar

Comment: Stuck between the Ichimoku ‘cloud’ and 50% Fibonacci support. Daily and weekly ‘clouds’ become
very thin Tuesday and mid-February so watch for upside breaks then.

Strategy: Attempt small longs at 1.6240; stop below 1.6100. Short term target 1.6380, then 1.6450.
Chart Levels:
Support Resistance Direction of Trade
1.6211 1.6260
1.6168 1.6300
1.6123 1.6380
1.6070 1.6459*
1.6000 1.6500

Produced by London Branch - Nicole Elliott +44-20-7786-2509


The information contained in this paper is based on or derived from information generally available to the public from sources believed to be reliable. No representation or
warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This paper has been prepared
solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading
strategy.

Charts provided by Reuters.

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