Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

British Pound Maintains Ground

By , Sr. Technical Strategist
06 April 2006 11:11 GMT
A break above that key level opens the door for a test of 50% fibo resistance from 1.8501-1.7042 at 1.7773.  Intraday oscillators have been helpful lately given the persistence of the recent range.  Hourly RSI sloping down from overbought levels and MACD creeping towards the 0 line point to a possible return to today’s low at 1.7480 with further weakness exposing the 50% fibo of 1.7248-1.7616 at 1.7433.     

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

06 April 2006 11:11 GMT