Monday, March 16, 2015

SUPPORT TRENDLINE IN GBPUSD (CABLE) 16/03/15


• 1.4754: an important support which combines the bottom of the intraday channel which can be drawn using Friday’s low, and the intraday tops which followed, with the micro term Fibonacci 38.2% retracement, calculated for the recovery from Friday’s 5-year low 1.4699 to today’s current high 1.4788.
• 1.4744: micro term Fibonacci 50% retracement, for the recovery from Friday’s 5-year low 1.4699 to today’s current high 1.4788.
• 1.4733: micro term Fibonacci 61.8% retracement, for the recovery from Friday’s 5-year low 1.4699 to today’s current high 1.4788.
• 1.4724: micro term 71.4% retracement, for the recovery from Friday’s 5-year low 1.4699 to today’s current high 1.4788.
• 1.4712: an important support which combines an important intraday bottom from Friday, with the micro term 85.7% retracement, calculated for the recovery from Friday’s 5-year low 1.4699 to today’s current high 1.4788.
• 1.4686: a weekly low from June 2010.
• 1.4611: a weekly high from May 2010.
• 1.4569: a weekly low from June 2010.
• 1.4514: a weekly low from May 2009.

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