As we saw from the early Asian session, GBPUSD held an extremely tight
range near the psychologically important 6500 level. The moving average
indicators at 21-, 55- and 100 are also around this level. Line 1 on the
following chart indicates that the 6530-40 area could raise shorting
opportunities, whilst line 2 provides confirmation that last week’s
uptrend has been broken. The initial target zone looks to be
established around the 38.2 Fibonacci level at 1.6420.
No comments:
Post a Comment