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Tuesday, April 24, 2018

[FOREX NEWS] The pound has one strong support line left before it’s a free-fall


The GBP/USD remains under immense pressure as the US Dollar storms the board. The Technical Confluences Indicator shows a dense cluster of support around $1.3915. This is the convergence of many significant technical levels: the Fibonacci 61.8% one-month, the Bolinger Band one-day Lower (Stdv. 2.2), the BB 1h-Lower, the one-day high, and more. Below this line, the [...]

The post The pound has one strong support line left before it’s a free-fall appeared first on Forex Crunch.



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