FX:GBPUSD   British Pound / U.S. Dollar
131 1 0
Looking to pick this up around 1.55491-1.54594, solid round number support at 1.55, which has acted as support and resistance . 50 and 200 ema dynamic support in this area, as well as 50-61.8% fib retrace and trendline support, target is the 50-61.8% retrace (1.5900) from july 2014 highs to april 2015 low
Update: Price rose modestly and failed to reach the .59000 highs, stalled and formed a head and shoulders that has recently broken down under key 1.5500 support. Moving forward these are the two behemoths in the fx markets and as such as likely to consolidate and move sideways. I will sit on my hands with the cable until a trend re-emerges
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