Forex News: It might seem a long way off at the moment but pivotal support for GBP/USD is at 1.9750, says ABN Amro. Below here would signal a top is in place and likely trigger a strong sell off toward the Fibonacci support cluster at 1.9147 and 1.9105. However, for now the rate is trading around 2.0040 and faces strong resistance between 2.0150 and 2.0192 and then 2.0241. Above the latter would free the topside toward Fibonacci targets of 2.0463 and 2.0729 it says.
0 comments:
Post a Comment