AceTraderFx May 30 : Daily Recommendations on Major GBP/USD
DAILY MARKET OUTLOOK on Major GBP/USD
Update Time: 30 May 2016 08:12GMT
GBP/USD - 1.4610
Cable's erratic fall from last Thursday's 3-week high to 1.4604 Friday due to dlr's broad-based gain after Fed Yellen's hawkish comments suggests 'choppy' trading below May's 4-mth peak at 1.4770 would continue with downside bias, below 1.4550, 1.4488 (61.8% r).
Incline to turn short on recovery for 1.4560 1st and only above 1.4689 may risk gain to 1.4720/30.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
Attached Image
Update Time: 30 May 2016 08:12GMT
GBP/USD - 1.4610
Cable's erratic fall from last Thursday's 3-week high to 1.4604 Friday due to dlr's broad-based gain after Fed Yellen's hawkish comments suggests 'choppy' trading below May's 4-mth peak at 1.4770 would continue with downside bias, below 1.4550, 1.4488 (61.8% r).
Incline to turn short on recovery for 1.4560 1st and only above 1.4689 may risk gain to 1.4720/30.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates