Until then, first resistance is seen at 1.4467, while first support is seen at 1.4410.A break out of this channel would indicate that the pair might be ready to take it to the next destination.
Char: GBP/USD D1
Wednesday, May 11, 2016
GBP/USD Range Bound
GBP/USD appears to be caught in a struggle as it refuses to go below 1.44 or above 1.45. For the past few days the pair has been trading in a range and by the way it looks we have to wait for a major news or event to shake up the market participants so we could see a move to either sides.
Until then, first resistance is seen at 1.4467, while first support is seen at 1.4410.A break out of this channel would indicate that the pair might be ready to take it to the next destination.
Char: GBP/USD D1
Until then, first resistance is seen at 1.4467, while first support is seen at 1.4410.A break out of this channel would indicate that the pair might be ready to take it to the next destination.
Char: GBP/USD D1
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Great assessment. I'll keep a close eye on the currency.
ReplyDeleteRange continues for now.
ReplyDeleteGreat analysis, I will keep it in mind.
ReplyDeleteInteresting levels to be watchful of, thanks for the info.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteGood assessment!
ReplyDeleteVery good analysis, well explained.
ReplyDeleteGood tips.
ReplyDeleteNext week will be more thrilling for the pair as the macro agenda suggests a raft of UK data.
ReplyDelete