5 Mar 2015
SEB: GBP/USD poised to continue its longer-term bear trend – eFXnews
FXStreet (Barcelona) - The eFXnews team shares SEB’s intraday technical outlook for GBP/USD.
Key Quotes
“Returning below a bearishly sloped 55d ma band underpinned by stochastic in a hard falling position does clearly enhance our bearish view.”
“In fact the bounce from the January low was probably the last visit into the 2010/13 triangle as the pair now seems poised to continue its longer term bear trend.”
“There is however a possible minor bounce (1.5270) occurring from an upcoming Fibo support at 1.5222.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Returning below a bearishly sloped 55d ma band underpinned by stochastic in a hard falling position does clearly enhance our bearish view.”
“In fact the bounce from the January low was probably the last visit into the 2010/13 triangle as the pair now seems poised to continue its longer term bear trend.”
“There is however a possible minor bounce (1.5270) occurring from an upcoming Fibo support at 1.5222.”
This content has been provided under specific arrangement with eFXnews.