Technical analysis of the pair GBP/USD for 17.01
Jumat, 17 Januari 2014
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The charts are indicating a bearish situation for GBP/USD. It
seems a downtrend has already started. We assume more room for downside. Today traders are eyeing Retail sales data. Prices broke a 6-month trend line on daily closing
basis and trading below 21 DEMA which adds more fuel to bears.
In the daily charts, oscillators gave a sell signal in all
modes. RSI and Stochastic both are in selling zone. Support comes at the level of 1.6220
December’s low. Resistance is at the level of 1.6437.
The material has been provided by InstaForex Company – www.instaforex.com
Read more here: Technical analysis of the pair GBP/USD for 17.01
Technical analysis of the pair GBP/USD for 17.01
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Judul: Technical analysis of the pair GBP/USD for 17.01
Ditulis oleh Unknown
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