First of all Happy merry Christmas and happy holiday. The pound dollar pair is currently fluctuation with the support and resistant area at 1.600 and 1.5929. Since the pair hasn't completed the downtrend there is high possibility that it would break and go down to 1.5715 the lowest and final resistant level before it is making correction upside.
However before going down to 1.5715 it must pass through a strong resistant at 1.5845. Significant indicators use in this analysis is by
- Multiple time frame view
- Price Action
- Support & Resistant point
- MACD
- Slow Stochastic
- Bollinger Band
- Candlestick Counting
- Fibonacci
- Pivot Point
So we will see next week. For now have a nice holiday. Thanks
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2 comments:
that is good analysis
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