Intraday technical levels and trading recommendations for GBP/USD for March 27, 2014

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Show full picture Daily fixation below this price zone enabled the pair to reach 1.6464 as a projection target. The recently achieved low at 1.6465 prevented further decline. However, there is still no clear signals of bullish reversal. Four-hour fixation above 1.6690-1.6700 will probably signal weakness of the bears to pursue their uptrend exposing price level of 1.6775 for retesting. Now the price zone of 1.6650 will probably offer a valid SELL entry at retesting (50% Fibonacci of the latest bearish swing). Stop loss should be the four-hour closure above 1.6690. On the other hand, falle below 1.6555 will expose 1.6500 and 1.6470 immediately. Arief Makmur is taking part in the “Analyst of the Year” award organized by MT5.com portal. If you like his article, please vote for him. Performed by Arief…


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