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FXHighway
Mar 19, 2014 5:43 AM

GBPUSD holds above the critical support Long

British Pound/U.S. DollarFXCM

Description

GBPUSD didnt settle below the critical support line 1.6585 after an attempt to break yesterday, showing strong momentum to attempt to regain the main bullish trend again.

Now, we need to breach above 1.6630 - 1.6715 to invalidate the triple top formation, and head towards 1.7000 mainly.

A reminder of the negative pressure in case 1.6585 was broken, which will lead to visit 1.6255 as a main target for this break.
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