GBPUSD Technical Analysis – 16th May Update – Forex-FX-4X.com Cable has moved to a low of 1.5171 on Wednesday, covering 104% of the average daily range, before paring earlier losses and consolidating around the days open at 1.5223. The 1.5125 area 61.8% Fibonacci level is an initial focus, for the 16th May trading sessions, should…
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EURUSD Technical Analysis – 14th May Update – Forex-FX-4X.com Our previous update noted that the failure, on Friday, to close under previous support could potentially see the euro/dollar pair retest the area around the 200 period SMA; squeezing the weaker euro shorts during early week trading. We noted that the 200 SMA was roughly aligned with prior support…
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