FX:GBPUSD   British Pound / U.S. Dollar
585 6 1
Retracement or uptrend? Really critical.
I am looking a little higher on this one, my trend line is in a different spot.. see chart attached
ryankettering ryankettering
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.
ryankettering TANER YILMAZ
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 )
Depends on Dr. Yellen's testimony, doesn't it?
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