FXMarketAlerts Team
FXMarketAlerts
Published at 11:30 (GMT) 04 May
04 May GBP/USD Daily
11::15 GMT - Low volume trade today suggests a weak trend, ie. the am. loss is setting up to reverse, for a test-reverse off the 1.5150~ tipping level. At this level, GBP remains equidistant from monthly pivots at 1.54/ Feb.'s pivot and 1.4850 (April's.) [NR
R5: 1.5475-90 30-Apr highurs excs high
R4: 1.54~ * Feb high volm
R3: 1.5396 Fri high
R2: 1.5345 Fri high volm
R1: 1.514 * early March highs
S1: 1.5110~ Fri, Mon am. lows
S2: 1.5055 17-Apr high
S3: 1.50~ later Mar, Apr highs
S4: 1.4855 21-Apr low
S5: 1.4840~ * Mar-Apr high volm
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