Posts Tagged ‘broke’
Forex: GBP/USD, broke through 200-day MA, targeting 1.5870/1.5970 – Commerzbank
Author: Germina Lake
Forex: GBP/USD, broke through 200-day MA, targeting 1.5870/1.5970 – Commerzbank
FXstreet.com (Barcelona) – The Pound’s recovery from 1.4200 area in May, extended higher last week, piercing through the 200-day MA, targeting 1.5870/1.5970 area, the 61.8% fibonacci retracement of the Aug 09/May 10 decline),says Karen Jones, technical analyst at Commerzbank.
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Posted in Forex Books | 
Tags: 1.5870/1.5970, 200day, broke, Commerzbank, Forex, GBPUSD, targeting, Through | 
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