19 Jan 2015
GBPUSD: Looking to sell rallies - 2ndSkies
FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, bears in GBP/USD are still in control, thus Chris continues to look at selling near resistance at 1.5269.
Key Quotes
"Although there are some lower wicks and pin bar rejections, but the corrective price action structure is on the lows, hence bears are in control."
"The short term resistance + role reversal level comes in at 1.5269 which is the first area to sell. The second level to sell at is the medium term resistance around 1.155."
Key Quotes
"Although there are some lower wicks and pin bar rejections, but the corrective price action structure is on the lows, hence bears are in control."
"The short term resistance + role reversal level comes in at 1.5269 which is the first area to sell. The second level to sell at is the medium term resistance around 1.155."