1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

GBPUSD Corrects Heavy Losses From Asia, Sentiment Remains Negative

Discussion in 'Technical Analysis' started by Kaitlin, Oct 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Cable bounced back to 1.2450 zone after overnight's crash that spiked below 1.2000 support. Extended wave C of five-wave cycle from 1.3443, met its 200% Fibonacci expansion target, with correction under way, signaled by Slow Stochastic reversal from oversold zone. Bounce from session low hit 1.2475 (Fibo 61.8% of past[​IMG]

    Continue reading...

Share This Page