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Posted by on in FX Chart Updates

A dip and a bounce Tuesday, but the probe below support at 1.4886/81 and a cap at 1.4984 leaves a downside correction bias within the range.

The rally last week above 1.5013 set a base for a broader range theme.

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Tagged in: Forex FX GBP GBPUSD USD
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Posted by on in FX Chart Updates

A modest rebound attempt since Friday was again capped by resistance at 1.4982/95 ahead of 1.5013, to leave a more negative bias for early April.

For Today:

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Posted by on in FX Chart Updates

A grind lower to begin the week and reinforce the defensive consolidation phase last week, capped by resistance at 1.4982/95 ahead of 1.5013 with a more negative bias likely for early April.

Given the previous setback from 1.5169 and the March plunge through 1.5000 and 1.4813, the 2013 swing low, we see bigger picture negative pressures intact. 

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Tagged in: CABLE Forex FX GBP GBPUSD
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Posted by on in FX Chart Updates

Yet another negative consolidation phase Thursday, capped by resistance at 1.4982/95 ahead of 1.5013 with a more negative bias likely for Friday and late March.

Given the previous setback from 1.5169 (after last Wednesday's spike higher post FOMC), ahead of retrace and chart barriers at 1.5205/ 1.5270, we see bigger picture negative pressures intact. 

...
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Tagged in: CABLE Forex FX GBP GBPUSD
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