GBP/USD Analysis:
Pound hit resistance at Fib retracement line at 1.564/65. If it break this line , the next level it will go is 1.573.
However, it look like some consolidation, forming a double peak at 1.564, meaning that it may retrace to 1.556/57.
Eur went high yesterday at 1.312 and therefore I expect some consolidation before any movement up. Likewise conclusion for the pound.
Equtities market has been on the run up and therefore likewise need some profit taking.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment