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12 Mar 2015
GBP/USD sellers at 1.5030/50 – CharmerCharts
FXStreet (Barcelona) - With GBP/USD’s bearishness far from over, Carol Harmer of CharmerCharts, views that a recovery towards 1.5030/50 will only attract sellers back in the market.
Key Quotes
“..we can correct and look for the 1.5030/50 resistance to entice. This is from the 4hrly fib level..Here we may well see profit taking and sellers coming back into the market.”
“Now if we do break 1.5050, and to be fair there is a good chance that we can...but if we can we look for 1.5115 to 1.5145 as a short term viable target.”
“Above 1.5145 and the med term 1.5224 resistance looks to entice.”
“There is nothing currently to suggest the downtrend is over, so we are still using rallies as correction... and if we lose 1.4880 we have excellent levels of 1.4850/30 as a targeted area...”
Key Quotes
“..we can correct and look for the 1.5030/50 resistance to entice. This is from the 4hrly fib level..Here we may well see profit taking and sellers coming back into the market.”
“Now if we do break 1.5050, and to be fair there is a good chance that we can...but if we can we look for 1.5115 to 1.5145 as a short term viable target.”
“Above 1.5145 and the med term 1.5224 resistance looks to entice.”
“There is nothing currently to suggest the downtrend is over, so we are still using rallies as correction... and if we lose 1.4880 we have excellent levels of 1.4850/30 as a targeted area...”