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Mrz 27

TECHNICAL ANALYSIS BY NSFX 27.03.2016

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The pair is developing a short term bullish trend and another bearish wave may materialize below 1.4 with test the recent lows at 1.38. Beneath this level GbpUsd could test its multiyear low during the financial crisis 2008-2009 in area 1.34. Above its 21SMA daily, now at 1.4243 the rate may reach the supply line in area 1.48 and then the breakout of this dynamic level will lift the rate to test the 61.8% Fibonacci retracement of the bearish wave that was generate last year.

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