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(12 November Europe) Latest Impact: The pound and its 16490

 

            GBPUSD should hold the support TL reading today 16490 if further weakness should not be enrolled, a scenario less likely after yesterday slump. A close below 16490 and the pair hints for bull forces to be diminishing and a weekly close below 16400 puts 16300 on screen. Aggressive traders may sell any rally near 16700, and an exodus should be set if a close above yesterday’s high is triggered.

 

 

 

 

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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

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