cable eyes 1.4338 (38.2% Fibo support)

GBPUSD m15 (03-21-2016 2217).png

Fed’s Lockhart says rte hikes justified as early as April and the greenback is on the run.

On 15-min chart, the bullish breakout from the falling channel turned into a fakeout and now the spot is likely to test 38.2% of 1.4053-1.4515 seen at 1.4338, which now is also the falling channel support.

intraday bearish view is at risk of bullish break from falling channel seen on 15-min chart.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s