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2 Apr 2015
GBP/USD eyeing 1.4880 – FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, notes technicals suggest that GBP/USD might make a run towards 1.4880-1.4900 on a break above 1.4849 levels.
Key Quotes
“…on the charts, the pair has managed to sustain above 1.4820, which is the 61.8% Fib retracement of 1.4633-1.5122. We also see, the pair has bounced-back from 1.4750 levels for the third consecutive session yesterday. The recovery has also pushed the hourly RSI above 50.00 levels today. Thus, we could see the pair rise to 1.4880-4900 levels today.”
“A break above 1.4849, which is the 23.6% Fib retracement of 1.5550-1.4633 could see a sharp rise to 1.4880-1.49 levels.”
“On the other hand, a failure to sustain above 1.4820 could push the pair lower to 1.4790-1.4880.”
Key Quotes
“…on the charts, the pair has managed to sustain above 1.4820, which is the 61.8% Fib retracement of 1.4633-1.5122. We also see, the pair has bounced-back from 1.4750 levels for the third consecutive session yesterday. The recovery has also pushed the hourly RSI above 50.00 levels today. Thus, we could see the pair rise to 1.4880-4900 levels today.”
“A break above 1.4849, which is the 23.6% Fib retracement of 1.5550-1.4633 could see a sharp rise to 1.4880-1.49 levels.”
“On the other hand, a failure to sustain above 1.4820 could push the pair lower to 1.4790-1.4880.”