19 Feb 2015
GBPUSD remains short term bullish - 2ndSkies
FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, any weak corrective pullbacks in GBP/USD could be solid buying opportunities, with the bullish bias intact unless a daily close below 1.52.
Key Quotes
"After forming dual pin bar rejections off the 1.5350 intra-day support zone, the bids have held the line and attacked the monthly highs around 1.5450."
"ST we are in a range between these two levels with a slightly bullish bias while above the support zone."
"Any weak corrective pullbacks to this zone could be solid buying opportunities."
"A break above the monthly resistance opens up 1.5500 and 1.5550 where some solid offers are likely parked."
"Only a daily close below 1.5200 dampens the ST bullish bias."
Key Quotes
"After forming dual pin bar rejections off the 1.5350 intra-day support zone, the bids have held the line and attacked the monthly highs around 1.5450."
"ST we are in a range between these two levels with a slightly bullish bias while above the support zone."
"Any weak corrective pullbacks to this zone could be solid buying opportunities."
"A break above the monthly resistance opens up 1.5500 and 1.5550 where some solid offers are likely parked."
"Only a daily close below 1.5200 dampens the ST bullish bias."