| The GBPUSD found support buyers against the 200 hour MA after Yellen’s initial comments on Capitol Hill. The rally higher has run into topside resistance but the gains are being maintained. Is the price action a suggestion of further gains to come? There is room to roam if the support can hold and the ceiling can be broken. What levels should you follow?
The GBPUSD has been in a corrective mode since bottoming in January. Last week the pair made a new corrective high but ran into a cluster of resistance that slowed the rise. Will the new trading week, break above that resistance or is the upside correction over for now? SUBSCRIBE TO OUR EMAIL LIST! http://forexlive.us7.list-manage.com/… LET’S CONNECT! Google+ ► https://plus.google.com/1026488501294… Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Linkedin ► https://www.linkedin.com/company/fore… High Risk Warning: All news, opinions, research, data, or other information contained within this presentation are provided as general market commentary and do not constitute investment advice. ForexLive expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. I created this video with the YouTube Video Editor (http://www.youtube.com/editor) |
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