Tuesday, August 13, 2013

Epic Research Singapore : Forex Update

GBP/USD
Technical Outlook
Bearish below key technical resistance 1.5550- 1.5577- (78.6% & 50% retraces / 2013 TL Resistance)
Daily RSI 60-breach short-lived- Break below 1.54 and RSI break sub 50 to offer conviction
Primary support range objective at 1.5395- 1.5435
Secondary objectives at 1.5270/80 and 1.5170.
 
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