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TANER_YILMAZ1
Feb 11, 2014 1:11 PM

GBPUSD DESICION Short

British Pound/U.S. DollarFXCM

Description

Retracement or uptrend? Really critical.
Comments
ryankettering
I am looking a little higher on this one, my trend line is in a different spot.. see chart attached
ryankettering
TANER_YILMAZ1
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
gotcha
Nightwish
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 )
trgowermagnificent
Depends on Dr. Yellen's testimony, doesn't it?
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