Tuesday, February 24, 2015

SUPPORT TRENDLINE IN GBPUSD (CABLE) 24/02/15


• 1.5430: the Asian session’s low.
• 1.5403: micro term Fibonacci 50% retracement, calculated for the rising move from yesterday’s low & bottom 1.5332 to the same day’s high 1.5475.
• 1.5386: micro term Fibonacci 61.8% retracement, calculated for the rising move from yesterday’s low & bottom 1.5332 to the same day’s high 1.5475. 
• 1.5372: micro term 71.4% retracement, calculated for the rising move from yesterday’s low & bottom 1.5332 to the same day’s high 1.5475.
• 1.5329: short term 28.6% retracement level , calculated for the whole rising move from Jan 23rd 19-month low to Wednesday’s 7-week high 1.5480.
• 1.5278: short term Fibonacci 38.2% retracement level , calculated for the whole rising move from Jan 23rd 19-month low to Wednesday’s 7-week high 1.5480.
• 1.5253: short term 42.9% retracement level , calculated for the whole rising move from Jan 23rd 19-month low to Wednesday’s 7-week high 1.5480.
• 1.5216: short term Fibonacci 50% retracement level , calculated for the whole rising move from Jan 23rd 19-month low to Wednesday’s 7-week high 1.5480.
• 1.5178: short term 57.1% retracement level , calculated for the whole rising move from Jan 23rd 19-month low to Wednesday’s 7-week high 1.5480.
• 1.5153: short term Fibonacci 61.8% retracement level , calculated for the whole rising move from Jan 23rd 19-month low to Wednesday’s 7-week high 1.5480.
• 1.5102: short term 71.4% retracement level , calculated for the whole rising move from Jan 23rd 19-month low to Wednesday’s 7-week high 1.5480.
• 1.5027: short term 85.7% retracement level , calculated for the whole rising move from Jan 23rd 19-month low to Wednesday’s 7-week high 1.5480.

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