Technical Analysis: GBP/USD 2012.03.23

March 23, 2012 11:14

  The pair broke below the 200-Day SMA, thus increasing risks of a setback towards the 1.5680-1.5740 support area, right where the 50-Day SMA and the 100-Day SMA reside. However, a break and consolidation back above the 200-Day SMA would confirm the uptrend ahead of the 1.6000 and 1.6165 resistances.    

Edward Smith, technical analyst of company Admiral Markets.

At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

 

Avatar-Admirals
Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.