GBP/USD seeks a close below 1.4162/75

From the FXWW Chatroom: GBP/USD solid resistance weighed above 1.4500, the cloud which spans 1.4395-1.4660. Recall spot failed one pip ahead of February 16 1.4515 high. A doji formed on last Friday’s candlestick line, which is indicative of indecision. A daily close below 1.4162/1.4175 (76.4% retrace of the 1.4053-1.4514 rise/Kijun line) – will weaken the structure for a retest of 1.4053 – March 16 low. 1.4000 is also be unmasked. Chart:    [IFR]

View further market information in the FXWW Chatroom with a free trial.

Leave a Reply

Your email address will not be published. Required fields are marked *