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Short

GBPUSD Pushing into Resistance

FX:GBPUSD   British Pound / U.S. Dollar
39 0 2
This pair has been pushing up pretty consistently on a rather uneventful and boring week. That's not too uncommon. What this has done is push into an area of fib confluence with EMA and horizontal resistance. Between 1.52 and 1.5215 we have the follow levels to break:

  • . 382 retracement of larger leg
  • .50 retracement of smaller leg
  • Horizontal Resistance
  • 1.52 Major Psych Level
  • 50 EMA

Good Luck
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