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FxRanger
Mar 16, 2016 11:33 AM

GBPUSD Short

British Pound/U.S. DollarFXCM

Description

GBP/USD break below 1.4130 targets minor support at 1.4110. If we continue lower look for the next target and support at 1.4065/61. We are severely oversold short term, but longs look risky and would need stops below 1.4030. Further losses target 1.3990 and 1.3965/60.
Trend line resistance at 1.4195/99 but above here 1.4210 targets minor resistance at 1.4240. If we continue higher look for strong resistance at 1.4270/80.

Comment

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 1.4069 1.4080 1.4097 1.4108 1.4125 1.4136 1.4153
Fibonacci 1.4080 1.4091 1.4097 1.4108 1.4119 1.4125 1.4136
Camarilla 1.4107 1.4110 1.4112 1.4108 1.4118 1.4120 1.4123
Woodie's 1.4073 1.4082 1.4101 1.4110 1.4129 1.4138 1.4157
DeMark's - - 1.4089 1.4104 1.4117 -
Comments
mustard
Another flop.
FxRanger
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 1.4069 1.4080 1.4097 1.4108 1.4125 1.4136 1.4153
Fibonacci 1.4080 1.4091 1.4097 1.4108 1.4119 1.4125 1.4136
Camarilla 1.4107 1.4110 1.4112 1.4108 1.4118 1.4120 1.4123
Woodie's 1.4073 1.4082 1.4101 1.4110 1.4129 1.4138 1.4157
DeMark's - - 1.4089 1.4104 1.4117 -
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