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Daily analysis
1.5269 was a cap in November. 1.5163 is the next resistance line. 1.5026 held firm as the pound was unable to make much headway last week. 1.4856 is an immediate support line. It has remained intact since April.
1.4752 is the next support level. 1.4601 was an important cap in December 2001. It is the final support line for now.
Weekly analysis
It is quite possible that the formation of the “bearish” correction, as the wave B of the senior level, has completed. At the moment, it i…
1.5269 was a cap in November. 1.5163 is the next resistance line. 1.5026 held firm as the pound was unable to make much headway last week. 1.4856 is an immediate support line. It has remained intact since April.
1.4752 is the next support level. 1.4601 was an important cap in December 2001. It is the final support line for now.
Weekly analysis
It is quite possible that the formation of the “bearish” correction, as the wave B of the senior level, has completed. At the moment, it i…