GBPUSD - forming base for 1.6823/78 test

Each day last week saw net losses produced in GBPUSD but that setback from 4 year highs has proved temporary.

 

  • The downside has found fresh buyers at the key 13 day moving average.
  • And at a Marabuzo line created by price action 2 weeks ago
  • And in addition the trend defining Keltner channel remains positive. 

 

So at 3cAnalysis we’re looking for higher levels in the coming days with expected intraday dips being bought with potential for this month’s top of 1.6823 then 1.6878 to be seen.

 

Views: 81

Tags: CABLE, EUR, Fibonacci, GBP, Marabuzo, Momentum, Sterling, Trading, average, forex, More…fx, moving

Comment by Mamunur Rashid on February 26, 2014 at 8:19am

 G/U High 1.6685 -1.6700 - 15 - 40 .. Down 1.6660 - 30 - 1.6585 - 60
 G/U Buy Stop 1.6685 -- Sell Stop 6650
 G/U Sell Limit 1.6715 / 40

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