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Forex techincal analysis: Hard to grasp technical levels at 7-year lows

Discussion in 'Education, Tutorials & Courses' started by ForexLive, Feb 24, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The buyers have to take control. So far, they can't. As Mike pointed out earlier, it is hard to catch a falling knife and the GBPUSD has been tumbling. Ryan points out, the 1.3844 low going back to March 18, 2009 is the next level looking back in time. Below that and the March 2009 low si at 1.3652. The 2009 low price from Jan 23rd, 2009 came in at 1.3501. Could we be going there? It is hard to catch a falling knife.

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