3 Oct 2014
SEB: GBP/USD about to return into the triangle- eFXnews
FXStreet (Łódź) - The eFXnews team comment that SEB points to the end of GBP/USD September reaction with yesterday’s break below the B-wave low, 1.6162.
Key quotes
"The pair is now seen soon re-entering the 2009-2014 triangle and event that will set a longer term move in motion calling for the floor, 1.51-ish, to come under pressure within a few months time."
"Short term we see a relatively high minor reaction risk once falling beneath the prior low point, 1.6052."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"The pair is now seen soon re-entering the 2009-2014 triangle and event that will set a longer term move in motion calling for the floor, 1.51-ish, to come under pressure within a few months time."
"Short term we see a relatively high minor reaction risk once falling beneath the prior low point, 1.6052."
'This content has been provided under specific arrangement with eFXnews.'