FX.co ★ GBP/USD - strong resistance 1.52 - for March 21, 2013 (daily strategy)

The British pound has tried several times to overcome the level of 1.52. For example, on March 5, it found strong resistance and was pushed downward until the level of 1.4830. However, above 1.52 resistance, 1.5245 is located, a gap left by the pound on February 25. When the currency passes it, it will open doors to the area of 1.5285. We hope you have a correction of the pair to support levels of 1.50 and 1.4960, daily fractal area. On the other hand, a pullback towards 1.5285 resistance will give us the opportunity to sell the pair with the same objective mentioned above. The Momentum Indicator is overbought, preparing for a potential move lower in the coming days.

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