GBP/USD intraday technical levels and trading recommendations for February 11, 2014.
The previous multiple tops as well as a recent bottom were established around 1.6250. That’s why a considerable support was provided around this price level. The 4H chart reveals an inverted bullish Head and Shoulders pattern which was expressed around 1.6220 aiming towards a 1.6470-1.6500 “prominent resistance zone.” A valid SELL position can be taken […]