The GBPUSD recovers from its lows 1.5350 to reach well above its 200 day moving average. It currently consolidates beneath a .618 retracement of a sharp leg down yesterday from 7am to 11:30am EST. As of late, many retracements have been extending beyond the traditional .618 level to the .764 level. In this case, if 1.5450 poses little resistance, 1.5470 could be our next target.
No comments:
Post a Comment