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Mar 23

TECHNICAL ANALYSIS BY NSFX 23.03.2014

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The cross rate after failed to rise above the supply line generated from the top 1.68 retraced sharply and it might test test the bullish trendline generated on November 2013. Below the demand line there is a static support in area 1.626 and then a 200SMA at 1.6145. In case buyers will loft the pair there is the 55EMA at 1.6586 and then the supply line. A brekout above the dynamic resistance could bring GbpUsd to test again 1.6820

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