Forex Trader

After yesterday’s slide of almost 200 pips, the Pound strike back today and return the loss in total. The support at 1.5210, in which I pointed in my yesterdays analysis manage to hold the sellers and the trendline pushed the pair back up true the MA’s 100&200 in this morning, all the way to the previous resistance at 1.5360/80. This is not easy to pass now, this level is for the big market players, keep watching. On the way back down, middle trendline is the first support at 1.5310/20. On the way up, you can see the pointed resistance areas, all the way to 1.5500. Fantastic two days in this pair.