The GBPUSD has drifted sideways in the same range for the last 12 trading days.  The top of the range is at 1.63 and the bottom 1.6115.  it appear the daily descending trend line that acted as resistance for over a year is now acting as support.  It would take a break of this line to accelerate the pairs path lower.  Even though the ascending trend line from the resent push higher rest just below around 1.6050.  The picture is cloudy at best and the plan at the moment is to watch price action for clues.

Sup      1.6115/1.61

Res      163

Keane Plan...looking for a clean break of either 1.61 or a push above 1.63...Scalping the range in between

To Access Yen Talk, Currency Watch Videos, Current Trade Setups and Current KEANE Trades Via Private Twitter Feed Click HERE

For a Free 1-week trial click HERE

Tags: