The Technical Confluences Indicator shows that the GBP/USD has plenty of support to the downside and few resistance lines on the way up. Looking down, the $1.4124 area features the SMA10-15m, the SMA10-4h, Bolinger Bands 1h-Upper Stdv 2.2 and the Fibo 38.2% 1d. An even stronger cluster of support lines awaits around $1.4080: the 1d high, the BB 15m Lower Stdv, the Fibo [...]
The post After the storm, the pound has no serious upside resistance — Confluence Detector appeared first on Forex Crunch.
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