Sforex
Short

Next idea for G/U next week.

FX:GBPUSD   British Pound/U.S. Dollar
373 2 0
This is Technical Analysis .

I see G/U fluctuates in a range between 1.625 and 1.59

I think G/U will touch 1.625 and then retrace to 1.61 or 1.614 level.

%R reached its resistance zone.

RSI escaped wedge pattern I show on the chart. It will increase to 70.

So G/U ---->; 1.625 = RSI ---->; 70

Then retrace to 1.61 or 1.614

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Fortune100
3 years ago
That's a good, strong call on a triple top at 1.6250 - it has been good resistance for a long while. This guy shares your view http://www.dailyforex.com/forex-technical-analysis/2013/11/GBPUSD-Bullish-but-16150-Crucial/26323 and so does he http://www.fx360.com/techAnalysis/ .
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Sforex PRO
3 years ago
Confirm G/U reached 1.614 level....exactly..
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