$GBPUSD chart analysis

Look at the break of the massive shelf around 1.5250/1.5375 in GBPUSD. I expect this to be a meaningful change of sentiment for the currency pair. What the heck are the British doing to their money???

Next support zones as marked by the blue lines below current price:
S1: ~1.5000/1.5125
S2: ~1.4850/1.4875


Of course I got long within the brokes support around 1.5375 and now I'm in trouble with this one. So I will have to figure out how to reduce the damage.

Comments

  1. sttueMarch 5, 2013 at 10:45 AM

    GBPUSD got a pop up from the 1.50 level. My trouble has just gotten a bit smaller :)

    ReplyDelete
  2. sttueMarch 10, 2013 at 2:57 PM

    Oh oh oh...not good, dropped below 1.50

    ReplyDelete
  3. sttueMarch 15, 2013 at 9:10 AM

    Once again some relieve. The 1.4875 held. Will we see 1.5250?

    ReplyDelete

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