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- GBP/USD Technical Analysis: Downturn May Yet Materialize
GBP/USD Technical Analysis – Prices failed to show immediate downside follow-through after completing a bearish Evening Star candlestick pattern identified yesterday , but the setup remains technically valid absent a close above the pattern’s high (1.5391). A move above this and the 61.8% Fibonacci retracement (1.5392) targets the 76.4% level at 1.5529. Near-term support is at 1.5281, the 50% Fib.
July 26, 2013 - Daily FX - Trade FOREX with FXCM
Poll: As a Forex trader, how successful are you today? Pinbar now forming on the H1, but there's still 15mins to run. Looks even better and has already formed on the M30 with an evening star printing now. Stopped out of the final half of my long at +5.
July 25, 2013 - Daily FX