GBPUSD weekly analysis (2016-04-11/15)

17 April 2016, 20:51
oleksandr bilokon
0
14
Analysis (Weekly):

The growth of (Yp D1 channel), monthly and weekly resistance levels (S1-m, S1-w) to key support levels that began 6/4/2016, last week completed the breakdown of key levels, test middle channel (middle of Up D1 channel) and the return rate of the borders to key levels (EMA120). Price has gone from Open (1.4109) with testing (R1-w, middle of Up D1 channel) to High (1.4347), then was carried down the rebound breakdown (up H4 broken, EMA120,24) within key support levels , with a reduction to a minimum low (1,4089) and roll back to levels (EMA120) and Close (1,4202).

Chart: http://bi0l.blogspot.com/2016/04/gbpusd-weekly-analysis-2016-04-1115.html 

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