GBPUSD

Technical Analysis – GBPUSD July 9

Posted on July 9, 2013 at 2:16 pm GMT

GBPUSD remains under pressure with most indicators showing a bearish bias. On the hourly chart, the pair remains below the 50-hour and 200-hour moving averages. RSI has fallen below 50, approaching oversold territory but still slightly above 30 so not extreme yet. This could give some scope for a bounce to enter a short position. GBPUSD has stabilized at $1.4850, which has proven to be a key support level after being retested several times since first falling to this level [..]

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GBPUSD

Technical Analysis – GBPUSD July 9

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