GBP.USD - Sep 23 GMT - Applied DiNapoli Levels

GBP.USD - Sep 23 GMT - Applied DiNapoli Levels Following is an account to re-assess the GBP.USD from a long term perspective down to our focus on intraday analysis. Those looking for visual chart illustrations accompanying the explanation below will find these on our post at DLEVELS.net under GBP.USD for reference. Intraday trading opportunities and DLEVELS bias will be listed in the [marketplus] area of our website for our subscribers and clients. Long term trend indication is bullish near F5 (1.5966) resistance with last month's high in Aug near 1.60. Viewing a weekly chart, the first week of Sep, stalled at K (1.5348-65) noted as forecasted confluence support. The illustration here shows the DiNapoli B&B pattern given thrust from past weeks to a drop below the 3x3 at the above confluence "K" support. As of last week, we see the completion at the F5 resistance at the 61.8 node near a 1.5727 high which hasn't yet broken though a bullish indication on the DiNapoli MACDP. A look at a daily chart shows where although trend has a bullish indication from last week, the benchmark high of 1.5727 has still held as resistance this week. The illustration in our forum shows DLEVELS agreement where the COP (1.5736) expansion meets with the F5 (1.5727) retracement as resistance. Forecasted areas of support can be seen from the illustration below on the daily chart. If upper resistance holds with a bearish move towards the macdp (blue line), 1.5500 would mark a strong area of support given the prior low near DiNapoli "Agreement" at the OP / F5 marks. Earlier in the week on Tuesday (21st), there were a series of strong economic releases including the FOMC statement which came at 18:15 GMT. As illustrated on a 4hr chart (DLEVELS.net forum), the projected support level defined at XOP / F5 agreement (1.5492-94) held with a price low at 1.5500 defining an ABD-D (

) pattern. The blue bands (DiNapoli Oscillator predictor) illustrate risk management considerations with the oversold level projected on the 22nd near 1.5450. At the moment intraday as of this posting during Asia session we're in a range given upcoming releases starting at 12:30 GMT and listed below. - 12:30 GMT USD Unemployment Claims - 14:00 GMT USD Existing Home Sales Register to receive our newsletter and DiNapoli synopsis on markets at: http://tinyurl.com/yl9wfa4