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GBP/USD Classical Technical Report 03.09

GBP/USD Classical Technical Report 03.09

2012-03-09 07:50:00
Joel Kruger, Technical Strategist
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Daily_Classical_GBPUSD_body_gbp2.png, GBP/USD Classical Technical Report 03.09

GBP/USD: Overall, this market is going nowhere right now and remains confined to a choppy multi-day range. This range has been loosely defined between the 100/200-day SMAs, and at this point, it will take a clear and sustained break above the 200-Day SMA or back below the 100-Day SMA for additional clarity into the broader direction.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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