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FXHighway
Dec 10, 2014 8:41 AM
GBPUSD holds below the major resistance
Short
FX:GBPUSD
240
British Pound/U.S. Dollar
FXCM
Description
⋅
Dec 10, 2014 8:41 AM
Target: 1.5340
Risk: 1.5805
Technical Reasons:
The price stability below the descending channel’s resistance, and negative pressure from the exponential moving average 50.
Stochastic is negative now, and breaking 1.5545 will offer the strongest negative motive to support the waited decline.
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