Add a comment
Spot GBPUSD Daily Forecast - 13 September 2013GBPUSD severely overbought in all time frames which as warned yesterday made us susceptible to profit taking. The failure to beat 1.5844 has indeed seen profit taking & a test of support at 1.5775. This level is important as a weekly close below here tonight is more negative as we start next week. Below here today look for 1.5745/35 for some profit taking on shorts perhaps, but do not be surprised to see the pair continue lower towards the next support at 1.5690/80 & a buy- ing opportunity here at this stage. A break above 1.5850 however keeps the bull trend intact & should target 1.5879 & possibly as far as 1.5895 in this 2 month bull run.
Written by: http://www.daytradeideas.com/
No comments:
Post a Comment