Forex Chart Alert – GBP/USD’s Break Over Resistance But What Next?
April 28, 2013 1:24 am GMT+0 in Chart Alert
GBP/USD had broken over the volatile sideways move by a strong break over 1.5411 but the pair is now struggling with the psychological pressures of 1.5500 level.
We are just posting some of the observations in the following charts indicating the possible resistances of next retracement levels as well as 200-day SMA.
GBP/USD and 200-day moving average
GBP/USD break over 38.2% retracement
You may also like to check the weekly forecast of GBP/USD.