"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 2 mins Market Sentiment Slips Ahead Of Tech Earning Reports
  • 16 hours The Trillion Dollar Space Race
  • 2 days The FANG Stock Investors Should Avoid
  • 3 days Is This The Death Of The iPhone X?
  • 3 days Is London Still The Financial Capital Of The World?
  • 3 days Is Gold Staging A Comeback?
  • 3 days The $200 Million ‘Golden Parachute’ For Rupert Murdoch
  • 3 days Bitcoin’s Breakout Is Not As Bullish As it Seems
  • 3 days Farmers On Edge As Trade War Hits U.S. Grain Shipments
  • 3 days Is Silver Poised For A Massive Break Out?
  • 4 days Meet The Hedge Fund Billionaires Club
  • 4 days The Next Housing Crisis Could Be Right Around The Corner
  • 4 days Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
  • 4 days Africa’s Fastest Growing Economy
  • 4 days The Blockchain Boom Hits The Utilities Sector
  • 4 days Why Smart Money Is Selling Off Right Before The Bell
  • 4 days Tech Giants Rally Ahead Of Earnings Reports
  • 5 days Global Debt Hits 225% Of GDP
  • 5 days The World’s First Trillionaire Will Be A Space Miner
  • 5 days How Student Debt Could Cause The Next Real Estate Crisis
One Commodity Set To Soar On Russian Sanctions

One Commodity Set To Soar On Russian Sanctions

The recent sanctions on Russia's…

The FANG Stock Investors Should Avoid

The FANG Stock Investors Should Avoid

Thanks to a private data…

Investors Bullish As Earnings Season Kicks Off

Investors Bullish As Earnings Season Kicks Off

The first round of earnings…

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

GBP/USD - Post-Scotland Referendum Bounce Fades

GBP/USD recovery above the 1.6500 handle has faltered. Failure to rally above key resistance at 1.6644 (see also the 200 day moving average) signals a period of sideways trading. Hourly supports can be found at 1.6345 (intraday low) and 1.6247 (18/09/2014 low).

In the longer term, the collapse in prices after having reached 4-year highs has created a strong resistance at 1.7192, which is unlikely to be broken in the coming months. Monitor the recent rebound as it could signal the start of a medium-term consolidation phase. A support lies at 1.6052, while a strong support stands at 1.5855 (12/11/2013 low).

The first objective at 1.6495 of our long strategy has been reached. We have updated our stop-loss.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment