Technical Updates

GBP/USD Throw back Downtrend

GBP/USD Throw back Downtrend

Previously: GBP/USD Broke Short-Term Down Channel, Facing 1.6460

The GBP/USD failed really break, now throw back since NFP reports.

Indicators :

– RSI Period 14 with 30 level as oversold and 70 level as overbought.

– The 4X1, 2X1, 1X1, 1X2 and 1X4 Gann Angels.

– Gann’s Price&Timing Study.

– Simple Moving Average 50 Period (Blue), 100 Period (Red) and 200 Period (Green) on the chart.

Today S3 pivot by Fibonacci pivot provide 1.5928, if daily closed below this level we will saw the strong bearish.

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