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GBP/USD- Post-Scotland referendum bounce fades
• GBP/USD recovery above the 1.6500 handle has faltered. Failure to rally above key resistance at 1.6644 (see also the 200 day moving average) signals a period of sideways trading. Hourly supports can be found at 1.6345 (intraday low) and 1.6247 (18/09/2014 low). • In the longer term, the collapse in prices after having reached 4-year highs has created a strong resistance at 1.7192, which is unlikely to be broken in the coming months. Monitor the recent rebound as it could signal the start of a medium-term consolidation phase. A support lies at 1.6052, while a strong support stands at 1.5855 (12/11/2013 low). • ... (full story)
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- Sep 22, 2014 3:19pm Sep 22, 2014 3:19pm
- Jj1459
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- Ill-b-back
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- Ill-b-back
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- Ill-b-back
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