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Integrity FX Technical Outlook Recap 2-17-10

By Luke Coleman, Executive Director of Strategy & Analysis | Wednesday, February 17th, 2010 18:28 UTC

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GBPUSD did break the triangle at the predicted point of 1.5700, but then returned to the inside of the triangle. After a bounce off the support trendline, AUDUSD then broke the upper trendline again a little below 1.5700. After the break, the price pushed straight through 1.5735 because of its momentum, then consolidated around the resistance near 1.5790. After a period of loose consolidation, GBPUSD pushed back through 1.5735 and made a small bounce off the upper trendline created by the triangle. Expect the price to push back through the triangle towards the support at 1.5650.

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categoriaLuke Coleman commento1 Comment dataFebruary 17th, 2010

About Luke Coleman, Executive Director of Strategy & Analysis

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Executive Director of Strategy & Analysis

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August 30th, 2010 17:12 UTC

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