GBP/USD Next Support At 1.3155/45
Jason Sen | Mar 04, 2019 01:21AM ET
GBP/USD hit profit taking as expected, but sank further than I anticipated as we hit 1.3170. The next support is at 1.3155/45. A break below 1.3120 risks a slide to 1.3095/85.
First resistance is at 1.3240/50 before minor resistance at 1.3285/90. A break above 1.3300 targets 1.3325 before a retest of the high at 1.3345/49.
GBP/JPY is higher again to 148.56. The most important of the day is now the 500-week moving average at 148.80/90.
We bottomed exactly at minor support at 147.50/40 but below here targets 147.10/00, perhaps as far as 146.80/70.
/h3
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