GBP/USD Weekly Technical Report 15-19/4/2013

ecPulse
2013-04-15 06:29AM UTC

 

The pair dropped and is trading now below Linear Regression Indicators indicating further bearish correction as long as the pair stable below key resistance level of the ascending channel at 1.5440. Stability below 1.5415 levels triggers the mentioned correctional wave.

 

The trading range for this week is among key support at 1.5080 and key resistance at 1.5485.

 

The general trend over short term basis is to the downside as far as areas of 1.6875 remains intact targeting 1.4225.

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