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GBP/USD attempts to preserve the pattern

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD sets eye on 200-day SMA “There’s some paring of outstanding dollar long positions with investors reluctant to carry dollar exposure into the holidays.” - National Australia Bank Ltd. (based on Bloomberg) Pair’s Outlook Another bullish trading session was registered by the most traded FX cross on Tuesday. Daily gains amounted to 40 pips, but it was enough to violate the 55-day SMA at 1.0929. Now the nearest resistance is represented by the 50% Fibonacci retracement of

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