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Jul 13

TECHNICAL ANALYSIS BY NSFX 13.07.2014

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High:  Low: 

The rate made several bullish spike in area 1.71, where there is the 21SMA dynamic support. Probably another bullish wave will lift the pair to 1.75 with intermediate target 1.72 and 1.735. If GbpUsd should fall below 1.71-1.7085 it could test the 50EMA at 1.6952. the 200SMA is actually is nerly 500 pips lower than current market price.

R3
R2
R1
S1
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S3