Technical Analysis - GBPUSD rebounded sharply from the 38% retracement of the mid-April range at 1.4865
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Technical Analysis - GBPUSD rebounded sharply from the 38% retracement of the mid-April range at 1.4865

24 April 2015, 15:11
Sergey Golubev
Sergey Golubev
1
817
  • GBPUSD rebounded sharply from the 38% retracement of the mid-April range at 1.4865
  • Our near-term trend bias is higher in the pound while over 1.4865
  • The 50% retracement of the February/April range at 1.5060 is a key pivot with traction above needed to set off a more important leg higher
  • A very minor turn window is eyed tomorrow
  • A daily close below 1.4865 would turn us negative on Cable

GBPUSD Strategy: Like the long side while over 1.4865
InstrumentSupport 2Support 1SpotResistance 1Resistance 2
GBP/USD 1.4865 1.4930 1.5030 1.5060 1.5120
#support, resistance, gbpusd, technical analysis