Tentative breakdown out of consolidation | 18 Desember 2013

18 Desember 2013, GBP/USD

Cable has weakened, moving down below the 1.6280 lows of its sideways consolidation. It has just recovered and is trying to rise back up in a new bullish column higher. It is unclear whether it will succeed and this breakdown could be marking a potential change in the short-term trend. There are several possible targets lower, however the next the count is from the 12th December which gives a downside target of 1.61625. Whislt its unclear as yet whether it will fall to that target a re-break below 1.62225 would confirm. Alternatively a break above the 1.63425 level could mark a resumption of the up-trend to the range highs at 1.6440. Today is FOMC day so much volatility is possible.

Tentative breakdown out of consolidation

Mark Satcher
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.