GBPUSD Hugging the .382 Fib

 

Heading into the New York Close the GBPUSD has moved up to test the .382 fib at 1.60.  A  hold of this level places the pair once again in its range from last week between 1.6180 and 1.60.  A hold above this level, following the election results could lead to a push back towards the top of the range.  If dollar strength catches wind following the election a break of 1.5960 open the pair up to a test of the 50 Fib at 1.5903 followed by the .618 fib at 1.5808.

Sup     1.5960                    1.5903(50 Fib)                       1.5808(.618 fib)

Res      1.60                       1.6180/1.6210

Keane Plan…Election will dictate.  Looking for a hold above 1.60 or a break below 1.5960

post election results.

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