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 Technical Analysis for GBP

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fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: Technical Analysis for GBP   Fri Mar 07, 2014 8:31 am



Technical Analysis for GBP

The GBPUSD was volatile but indecisive yesterday. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase with nearest target seen around 1.6850 and only a clear break back below 1.6600 could interrupt the bullish outlook. Immediate support is seen around 1.6715 followed by 1.6650. Fundamental focus today will be on the US NFP report.
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