GbpUsd - short term retrace (LONG)

GbpUsd - short term retrace (LONG)

19 February 2016, 02:03
Kory Kaai
0
52
Price is being supported by demand presently. Above daily pivot and on top of pivot channel. Two supply areas above. Looking for 1.4318 top of demand to hold targeting 1.4416. Bottom of first demand is 1.4297. Major trend remains down so we need some confirmation price is starting to move up - increase in average price on the daily - looking for higher daily pivot point.
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