Back
15 May 2015
GBP/USD sees upside potential – FXMarketAlerts
FXStreet (Barcelona) - The FXMarketAlerts Team shares the technical outlook and key levels for GBP/USD.
Key Quotes
“After flattening out yesterday GBP's starts even this am.,still with some upside potential (for a clearer rejection high) but with the market otherwise backing away from a strong long bias. GBP's now tagged the top of the Nov-Dec bracket and retraced 50% of the the long 2014-5 downtrend.”
“R3: 1.6020 fr 31-Oct-14 highs
R2: 1.5945 11-Nov high
R1: 1.5800-25 * 27-Nov excs high
S1: 1.5725 Thurs low
S2: 1.5630 Wed low
S3: 1.5552 * Feb high”
Key Quotes
“After flattening out yesterday GBP's starts even this am.,still with some upside potential (for a clearer rejection high) but with the market otherwise backing away from a strong long bias. GBP's now tagged the top of the Nov-Dec bracket and retraced 50% of the the long 2014-5 downtrend.”
“R3: 1.6020 fr 31-Oct-14 highs
R2: 1.5945 11-Nov high
R1: 1.5800-25 * 27-Nov excs high
S1: 1.5725 Thurs low
S2: 1.5630 Wed low
S3: 1.5552 * Feb high”