Technical Analysis: GBP/USD 2012.03.28

March 28, 2012 11:25

  The pair did not manage to break above the 1.6000 resistance. However, while it trades above the 200-Day SMA by 1.5850, the risks are on the upside, so we look for a break above 1.6000 to reach the key 1.6165 resistances. Only a daily close below the 200-Day SMA would confirm declines towards the 50-Day SMA by 1.5775, the 100-Day SMA by 1.5680 or the 1.5600 support.    

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.