GBP/USD: October/November 2013 Forecast
Price broke through resistance line, and now lies in the pair's supply zone.
Price currently looks to ease off with a retracement to previous resistance line which is now support, before getting off a final rally to strong supply levels and a potential PRZ on the daily crab.
Pair is set to retrace back touching both the red and blue channel lines, before the FOMC decides to taper, then it's very bearish on the break after that.
Price currently looks to ease off with a retracement to previous resistance line which is now support, before getting off a final rally to strong supply levels and a potential PRZ on the daily crab.
Pair is set to retrace back touching both the red and blue channel lines, before the FOMC decides to taper, then it's very bearish on the break after that.