18 Feb 2015
SEB: GBP/USD hindered by the 55d ma band – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for GBP/USD, with SEB predicting a move below 1.5317 to trigger bearish moves for the pair.
Key Quotes
“Following the bearish key day reversal on Monday (which also created a failure above the bearishly sloped 55d ma band) the market became more of a two way market yesterday.”
“We are however looking for downside resumption (short term a move above 1.5404 will prolong the current correction some) and breaking below 1.5317 will likely fuel a move south.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Following the bearish key day reversal on Monday (which also created a failure above the bearishly sloped 55d ma band) the market became more of a two way market yesterday.”
“We are however looking for downside resumption (short term a move above 1.5404 will prolong the current correction some) and breaking below 1.5317 will likely fuel a move south.”
This content has been provided under specific arrangement with eFXnews.