Thursday
Jan 08th
GBP future - Technical Analysis
GBP future March delivery touched 1.9634 low on friday's session, just few ticks above the low level touched on 6th June and on 17th August.
We believe that if it forces this support it will move towards the lower blu trendline where it could find a very solid support.
GBP future - Technical Analysis - Update
Since our last signal on Sunday 6th January, GBP future has tried to force downwards the orange trendline. However this seems to be a solid support still.
We suggest to sell in case the price breaks 1.9605. Target 1.9459, stop 1.9735.
Since our last signal on Sunday 6th January, GBP future has tried to force downwards the orange trendline. However this seems to be a solid support still.We suggest to sell in case the price breaks 1.9605. Target 1.9459, stop 1.9735.
GBP Future - Update
To continue our analysis published last Monday, GBP has clearly moved upwards towards the area that we expected more likely to reach (68% confidence). Again the orange line is well positioned to work as a good resistance level. We suggest our clients to check the chart published on Monday by clicking here. Resistance 1.9720 Support 1.9350.
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