GBP/USD technical chart of 10.3.2014

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govindho
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10-13-14 12:03:15

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GBP/USD technical chart of 10.3.2014

The optimistic arguments stay sturdy on the daily chart as a series of higher lows begins to kind and the top side potential of the momentum signals currently revived following the recent consolidation. The chart continues to build towards a retest of the key high at $1.6822 with dips being bought into. The hourly intraday chart continues to trade round the pivot level of $1.6700 with Cable over again bouncing from around Thursday’s low at $1.6682 this morning solely to come back quickly to $1.6700 again.

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