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24 Feb 2015
SEB: GBP/USD contesting dynamic resistance – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for GBP/USD, expecting the pair to head towards 1.5525 levels on an upside break.
Key Quotes
“Contesting dynamic resistance and last week's Doji candle. The faster moving (Fibo-adjusted) 8day Tenkan-Sen seems to provide near-term dynamic support enough to carry the pair back to last week's high, the high end of the Cloud and above the 55day moving average band (1.5285/1.5395).”
“An 'Upper Range Extension' (topside violation of the opening hour range) today would target a trendline at 1.5525 and an Equality point at 1.5560 next.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Contesting dynamic resistance and last week's Doji candle. The faster moving (Fibo-adjusted) 8day Tenkan-Sen seems to provide near-term dynamic support enough to carry the pair back to last week's high, the high end of the Cloud and above the 55day moving average band (1.5285/1.5395).”
“An 'Upper Range Extension' (topside violation of the opening hour range) today would target a trendline at 1.5525 and an Equality point at 1.5560 next.”
This content has been provided under specific arrangement with eFXnews.