FX:GBPUSD   British Pound/U.S. Dollar
585 6 1
Retracement or uptrend? Really critical.
Depends on Dr. Yellen's testimony, doesn't it?
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the way I see it is re-test of broken wedge support ( turned to resistance ) . it is actually a bit higher, so regardless what Yellen is going to say this technical pattern leads price to 1.6060 ( 0.718 Fib from middle November low )
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I am looking a little higher on this one, my trend line is in a different spot.. see chart attached
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ryankettering ryankettering
not short yet
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TANER YILMAZ ryankettering
I agree with you but firstly i am waiting the strong support zone ( 1,625-1,627 ). It means double buttom. Target will be around 1,67 if the support works.
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ryankettering TANER YILMAZ
gotcha
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