GBPUSD Horizontally Moving in a Narrow Space

FX:GBPUSD   British Pound / U.S. Dollar
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GBPUSD Horizontally Moving in a Narrow Space

*** Data***
Monday is the first day of the week has a intense data flow , Spain, UK, EUR zone, Germany, France will announce important economic data.Meanwhile, the most important news about the future of Greece in EUR.
***Future US by important US data - Pending Home Sales
GBP / USD when analyzed as a technical, After the break of the 1.59100 level, the pair started falling channel 1.5730 / 1.56650 area seen that in quite a narrow horizontal movement. Exiting onto the 1.5765 level may lead to the continuation of an upper resistance level of 1.58250 towards the point of purchase.
In the downstairs area, including the buffer zone 1.56950, 1.56650 key support levels can be monitored first.

sensitive and critical level Fibonacci %236 1.156650


My link :

Support Pivot Point Resistance
1.56950 1.57300 1.58250
1.56650 1.57900
1.56350 1.57650
Good ersoy
+1 Reply
Thanks Albertos
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