Trading Conditions
Products
Tools
Key resistance at 143.50 continues to cap the upside as expected but we need a break below short-term key support at 142.34 to release the next real downside pressure towards 139.25 on the way towards the target at 137.53.
Only an unexpected break above key resistance at 143.50 will indicate that a corrective low is developing and the next impulsive swing higher towards at least 149.00 is likely to happen.
R3: 143.77
R2: 143.50
S1: 143.28
Pivot: 142.90
S1: 142.56
S2: 142.34
S3: 142.15
Trading recommendation:
We are short GBP from 143.05 with our stop paced at 143.50. We will buy GBP if 143.60 is broken.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.