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Euro Forecast: More Gains on Way for EUR/USD, EUR/JPY, EUR/CHF?
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  • Support and resistance are the cornerstone of technical analysis, making it the foundation that you build your knowledge on. Build a stronger foundation here: https://t.co/yXLaRpl90I https://t.co/MhP7opgk4a
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  • It was a big week for GBP/USD as Cable crushed shorts, rallying more than 1,000 pips off of last week’s lows. Get your $GBPUSD technical analysis from @JStanleyFX here: https://t.co/n6vYfe6Gfh https://t.co/zQq74Zzxsv
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  • The US Dollar could rise if key ISM, PMI and nonfarm payrolls data causes recession fears to swell and rekindles appetite for the haven-linked Greenback. Get your $USD market update from @ZabelinDimitri here: https://t.co/iTlnxWuSqn https://t.co/brEsDw2a5K
GBPUSD Fibonacci Objective at 16215

GBPUSD Fibonacci Objective at 16215

2012-09-12 03:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD Fibonacci Objective at 16215

Prepared by Jamie Saettele, CMT

“The GBPUSD closed above its parallel channel today but faces resistance from early may pivots into 16100.” 16100 hasn’t done much to thwart bulls to this point and the next level of interest is a Fibonacci extension at 16215. 16033/83 is now support.

LEVELS: 15980 16033 16083 16081 16114 16165

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