GBP/USD can't recover and stuck at 1.5700/800 on the way up!

gbp-usd 10.12.

USD strenght over the past few months broke several important support levels here and for the past 5 weeks the pound can’t recover more then 1.5700/800. You can see at this weekly chart why. USD return more then 61.8% loss of the July 2013.—> July 2014. pound rally and that level has become a strong weekly resistance point for the pound. This is fifth week in a row where pound try to get back over that level, but as we can see, in the previous weeks every attempt was rejected. If the pound finaly manage to do that, there is a strong resistance at 1.5900 on the way up as well. It looks like, that resistnace could be stronger then this one at 1.5700/800. What do you think?

Advertisements

5 comments

  • Sutra bi na ovom paru moglo biti jako zanimljivo.

    Like

    • Zašto sutra?

      Like

  • Tu će trebati uložiti jako puno”energije” da bi se zaustavilo ovaj pad.

    Liked by 1 person

  • Prvi “zeleni” tjedan nakon 4-5 gubitnih.

    Like

    • I prethodni su bili ‘zeleni’ pa su završili ‘crveni’! 🙂

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s