22 Dec 2014
Exit GBP/USD longs below 1.5640 - Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, feels that the GBP/USD pair may test support at 1.5560, and hence suggests exiting longs below 1.5640.
Key Quotes
“GBP is in a consolidation too, i prefer to stay away from the market here as there are no hints about what will happen next. Indicators are flat and only above 1.5650 we have some chance to progress further to the upside. You have to exit longs below 1.5640, because the pair may easily decide to test support at 1.5560 and below.”
Key Quotes
“GBP is in a consolidation too, i prefer to stay away from the market here as there are no hints about what will happen next. Indicators are flat and only above 1.5650 we have some chance to progress further to the upside. You have to exit longs below 1.5640, because the pair may easily decide to test support at 1.5560 and below.”