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Jan 10

TECHNICAL ANALYSIS BY NSFX 10.01.2014

By:

High:  Low: 

The pair is trading in a 20 pips range today, and the distance from the bullish trendline is of 60 pips.  Above area 1.66 the cross rate would likely rise to 1.7, a price spike reached on August 2008.  In case GbpUsd should break the demand line then is likely to see market activity in area 1.6 and below this psychological and static level as well there is the 200SMA in area 1.573.

 

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