GBP/USD Morning Technical Report 27/11/2014
ecPulse
2014-11-27 07:44AM UTC
The pair breached 1.5730 sharply and is approaching the resistance of the descending channel showing above at 1.5865, and the positive effect of RSI and MACD is still ongoing, so we prefer to remain neutral now to monitor the pair at the mentioned resistance and the support 1.5670. A break above this resistance pushes the pair to start a bullish wave on the short term targeting 1.5965 and extends to 1.6200, while breaking the support pushes the pair to the downside again targeting 1.5500 then 1.5425.
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