FX.co ★ GBP/USD Key Fractal 1.5235 for February 27, 2013 (daily strategy)

The British Pound is preparing for a bullish move. In our opinion, it can be strong, for example, the Momemtum indicator is in oversold zone and the MACD line is under pressure, both are very oversold. The breaking of the momentum indicactor is our bullish signal, our goal is short term at fractal daily 1.5410 level and the level of strong resistance in monthly charts. Before reaching this level, we must overcome our fractal of 1.5235 that will define the movement of this pair, therefore, we recommend to pay attention to the level of 1.5235.

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