GBPUSD is finding some good levels to play with

24 March 2016, 16:22
Francis Dogbe
0
30
The pound is on the rise today and has just run to a new high of 1.4140. It did virtually nothing after the retail sales so we can't finger that as a reason. The mid-1.40's has developed into decent looking support. I had 1.4040/45 pegged but we've it slightly higher at 1.4050. 1.4080/85 keeps having a say in things but is only a level to watch rather than trade. 1.4230 is another level that's played both S&R and it's been joined by the 200 & 100 H4 ma's at 1.4233/35. As I've just mentioned in the comments, I'm fence sitting while cable is at these levels. 1.4050 and 1.4230 are the ... READ MORE
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