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Gbp/Usd technical points

Posted on February 16, 2009 at 11:37 in Short-Term Analysis by Valeria Bednarik

Daily charts remain quite bearish although the 1.4135 zone has prove to be a strong support. Watch for a break of that level to consider more bearish movements in the medium term. At the moment, market remains in boring tiny conditions, with no clear definitions: the pair is quoting around 1.4235, with supports at 1.4208 zone, followed by 1.4170 and the mentioned zone at 1.4135. Under that, 1.4085 will be next support to consider. Only above 1.4286 we could see the pair moving to the upside, first to 1.4340 zone, and above 1.4390 and 1.4440.

Tags: gbpusd

2 Responses to “Gbp/Usd technical points”

on 16 Feb 2009 at 4:09 pm1AdamGeld

I agree, all of this high volatility had me spoiled. Bring back the volatility!
on 18 Feb 2009 at 11:09 am2Valeria Bednarik

Hi Adam, just a Holiday! I guess Tuesday movements satisfied your volatility needs ( and alls including me)
Regards
Val

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