GBP/USD Morning Technical Report 16/9/2014
ecPulse
2014-09-16 07:12AM UTC
The pair failed to move to the upside at 50% correction represented in 139.10 showing on graph, in addition to the upper line of Envelopes Indicator which its standard deviation was modified to 1.3% to fit the price moves. Stability below the referred to level is negative intraday, meanwhile, we should not bet on negativity now unless the pair breaks 138.30 - 138.00 to confirm ending the bullish correction.
Hence, we prefer to be neutral now waiting for new confirmation signals before taking any new position.
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