FXSayWhat

Week 1/31 - 2/5/16 GBPUSD Technical Outlook

FX:GBPUSD   British Pound/U.S. Dollar
81 0 3
After last week's decent, price is not rebounded at the 38.2% level or 1.4250 towards the end of last week.
Comment: On the 15 Minute chart, you can clearly see the 1.4250 level is rejection the rally. Will this still be the case? How long will it hold?
snapshot
Comment: price is now* rebounded at the 38.2%
Comment: Opportunity is no longer valid as price moved well above the 1.4250 level.
Order cancelled
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