Escolar Documentos
Profissional Documentos
Cultura Documentos
1.54
1.53
38.2
1.52
1.51
1.5
1.49
1.48
1.47
1.46
1.45
1.44
1.43
1.42
13Apr10 20Apr 27Apr 04May 11May 18May 25May 01Jun 08Jun 15Jun 22Jun 29Jun 06Jul 13Jul 20Jul 27Jul 03Aug 10Aug 17Aug 24Aug 31Aug 07Sep
Comment: Consolidating in tiny daily ranges at the 61% Fibonacci retracement of this year’s decline. Sterling
is still very overbought while bullish momentum remains very strong. The 9-day moving average is soaring and
should be in a position to provide support this week.
Strategy: Attempt small longs at 1.5900 adding to 1.5860; stop well below 1.5680. First target 1.6000/1.6070,
then 1.6450.
Chart Levels:
Support Resistance Direction of Trade
1.5857 1.5913
1.5800 1.5968*
1.5750 1.6000
1.5695/1.5680 1.6070
1.5545* 1.6125