Author Topic: Daily Technical Analysis March 26 GBPUSD  (Read 1627 times)

Offline gregscript

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    • View Profile Daily Technical Analysis March 26 GBPUSD
« on: March 26, 2013, 11:44:23 AM »
The GBPUSD bullish momentum was stopped yesterday but overall still able to maintain its bullish correction phase. The bias is neutral in nearest term. Immediate resistance is seen around 1.5250/9. A clear break above that area could trigger further bullish pressure testing 1.5300 area. Overall I still prefer a bearish scenario with sell on rallies strategy. On the downside, we need a clear break at least back below 1.5130/00 to keep the bearish scenario remains strong testing 1.5000.

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