Sterling rebounds, more bearish targets to be waited
Target: 1.4960
Risk: 1.5530
Technical Reasons:
Strong bearish rebound from the descending channel’s resistance, and targeting this channel’s support around 1.4960.
Negative pressure from the exponential moving average 50 and the rise of the bears’ power indicator support more decline.
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Risk: 1.5530
Technical Reasons:
Strong bearish rebound from the descending channel’s resistance, and targeting this channel’s support around 1.4960.
Negative pressure from the exponential moving average 50 and the rise of the bears’ power indicator support more decline.
www.fxhighway.com
www.facebook.com/fxhighwaycom/
twitter.com/
plus.google.com/1054...15961677289743/posts