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GBP/USD 11.3.2014 technical chart
The Cable bulls had a unsatisfying day yesterday because the tiny sequence of upper lows that had been forming was broken amid a bout of dollar strength. Suddenly the daily chart has taken on a lot of of a corrective outlook thereto, with the RSI and Stochastics at a 1 month low and also the MACD lines crossing. This currently puts increased significance on $1.6603 yet again, with the key reaction low at $1.6581 protective the formation of a attainable high pattern.
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it will be down next week usd goes up in my openion.
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