GBPUSD Consolidating below the 50 Fib

The GBPUSD has found little rhyme or reason to its trading activity so far this week.  A spark of inspiration could be on the way Wednesday with the release of the GBP Jobless claims reports.  Economist are predicting no change and for the rate to remain at 7.9%.  Any fluctuation in this number could spark life into this pair.  As long as the cross remains below the 50 fib at 1.5903 a test of the .618 fib at 1.5808 is favored. 

Sup     1.5808    ( .618 Fib)

Res     1.5903     (.50 Fib)

Keane Plan....Watching for a break above the 50 fib at 1.5903 or a push down towards the .618 fib at 1.5808

To Access Daily Wake Up Call Videos, Current KEANE TRADES and Private Twitter Feed Click HERE

Non subscribers can have a Free 1-week trial HERE

Leave a Reply