GBP/USD: Approaching Towards Short Term Channel Limit – SocGen
20 April 2016, 06:53
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GBP/USD: Approaching Towards Short Term Channel Limit – SocGen
Research Team at Societe Generale, suggests that the GBP/USD has
breached a multiyear upward channel support (1.46) and looks headed
towards graphical levels at 1.36/1.35 (lows of 1986, 2001, 2009).
Key Quotes
“Long dated indicators are close hitting a floor pointing towards
possibility of consolidation once these levels are achieved. 1.46/1.4750
should cap short term rebound.”
