fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for GBPUSD  Tue Oct 01, 2013 8:38 am | |
|  Technical Analysis for GBPUSD Cable remains firm and continues to trend higher, as final push through 1.6179/1.6200 hurdles, resumes the larger uptrend from 1.4812, annual low. As the last obstacles en-route to short-term targets at 1.6308 and 1.6380 were cleared, likely scenario would be test of Apr/Sep 2012 highs at 1.6300/08 and 1.6380, 2012 high. Positive technicals support the notion, however, overbought conditions on lower timeframes, suggest corrective easing, with initial supports at 1.6200 and 1.6179/61, previous highs. Res 1.6300, 1.6308, 1.6350, 1.6380 Sup: 1.6200, 1.6180, 1.6161, 1.6126 | |
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