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GBPUSD holds at near term resistance, 50% Fibonacci Retracement

Thursday, April 23, 2015 11:34 AM UTC

Support 2: 1.4855

Support 1: 1.4913 (38.2% Fibonacci Retracement)

Current market Price: 1.4995

Resistance 1: 1.5079 (50% Fibonacci Retracement)

Resistance 2: 1.5175 (61.8% Fibonacci Retracement)

Commentary:

The pair is stirring in the range of 1.4959 to 1.5038.
Near term resistance falls at 1.5079, 50% Fibonacci Retracement.
Daily close above Ichimoku cloud is required to confirm upward momentum.

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GBPUSD holds at near term resistance, 50% Fibonacci Retracement

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