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GBPUSD Near-Term Structure Remains Weak, Pivotal Tenkan-Sen Support At 1.3250 Focused

Discussion in 'Technical Analysis' started by Kaitlin, Sep 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Near-term structure remains weak, with price action holding just above 1.3282, low of two-day fall from 1.3443 (06 Sep high) where recovery rally stalled. Soft near-term studies maintain risk of stronger correction of entire 1.2864/1.3443 recovery, as Fibo 23.6% retracement level at 1.3306, has been taken out. Downside risk mounts[​IMG]

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