The US
Non-farm Payrolls came out today and that was what finally gave the necessary
push to GBP/USD to break below the support at 1.5490 – 1.5500 that coincides
with the (89)MA on the daily filter chart. The consolidation finally appears to
be over and the pair will likely continue moving south towards the next support
level, which is around 1.5370 and is visible on the weekly filter chart. Should
GBP/USD manage to break below that level we can probably expect it to move much
lower than that.
Very useful analysis! Thank you.
ReplyDeleteExcellent analysis as usually!
ReplyDeleteLooking good to continue the retracement!
ReplyDeleteVery interesting article.
ReplyDeleteThe pair is back to 1.5480 level.
ReplyDelete