Everyone can see the chart, but only a few can actually read it.
-
GBP/USD Forecast: break below 1.2910 required now
A short-lived recovery in the GBP/USD pair was quickly reverted as the pair approached to the 1.3000 level early Europe, as selling interest around the Sterling remains strong. The dollar is marginally higher against most of its rivals, although the yen continues outperforming, resuming its advance as local shares plunge. There was no macroeconomic catalyst beyond this intraday decline, as the UK calendar will remain scarce this week, with attention centered in Friday's final Q2 GDP. Technically, the 4 hours charts shows that the price was unable to advance beyond a now bearish 20 SMA, while indicators have turned ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 27, 2016 9:44am Sep 27, 2016 9:44am
- OnlineAddict
- Joined May 2014 | Status: From1toMillion | 3133 Comments
- Comment #2
- Quote
- Sep 27, 2016 9:49am Sep 27, 2016 9:49am
- Dr.Phoenix
- Joined Mar 2012 | Status: turning probability into profit | 13 Comments
Hunting High and Low
- Comment #3
- Quote
- Sep 27, 2016 9:56am Sep 27, 2016 9:56am
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments