The Pound
versus the Dollar has broken again above the 1.5400 level and it looks like it
is trying to pull back to this same level. The 1.5400 zone could become a good
support area and the price may try to bounce to the upside from there. Let us
be attentive to a possible long entry from that zone. If the price breaks below
the 1.5400 level, then the 55 EMA on the 4 hour chart could become a good
support, but most important is the 1.5300 level where we can see the 200 EMA
around as a support area.
I agree with you, 1.5400 level become a good support.
ReplyDeleteExcellent Analysis! Thanks.
ReplyDeleteA pullback before another move upward.
ReplyDeleteI expect a new move to the upside.
ReplyDeleteI agree with you but i´ll wait and to see which way the asset will take
ReplyDeleteInteresting.
ReplyDeletegreat analysis.
ReplyDeleteGood analysis.
ReplyDelete