
Originally Posted by
reky
The British pound just stopped the downside correction yesterday to manage a bullish move towards the upside; therefore, the real support that the pound built yesterday might be a base to launch the upside wave as by the technical indicators reflected the pound in an oversold area.
The trading range for today might be between the key resistance level at 2.0330 and the key support level at 2.0150.
The general trend is up as far as 1.9700 remains intact targets now at 2.0635 and 2.0740.
buying sterling above 2.0225 with a target at 2.0290, stop loss below 2.0580.
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