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16 Mar 2015
SEB: GBP/USD eyes 1.4228– eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that the GBP/USD break of 1.4814 confirms that a continued move lower towards 1.4228 is possible.
Key Quotes
“The successful passing of the 1.4814 (2013 low point) was a very important step in the development of the bear trend originating from the end of wave C (1.7192).”
“The break not only confirm a continued move lower (on a medium – long term basis) to 1.4228 but also confirms that the 2009 low point, 1.3500 will be passed in due time.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The successful passing of the 1.4814 (2013 low point) was a very important step in the development of the bear trend originating from the end of wave C (1.7192).”
“The break not only confirm a continued move lower (on a medium – long term basis) to 1.4228 but also confirms that the 2009 low point, 1.3500 will be passed in due time.”
This content has been provided under specific arrangement with eFXnews.