27th Mar - GBP/USD Bouncing Off Long Term 76.4% Level
27 March 2013
WEEKLY CHART:
Support has emerged from around the 1.4825 76.4% retracement. Resistance from the 1.5233 Jan-12 low area is under test now.
DAILY CHART:
The 23.6% retracement has now been eroded as the recovery tests resistance offered by prior 1.5265/33 lows. A s/term struggle around here would not surprise.
The 1.5421 38.2% level is the next target above these.
Speculative buyers, on dips, now have a clear risk level in the 1.4825 76.4% retracement on the Weekly chart.
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26th Mar - Natural Gas Recovers to Nov-12 High