STERLING/RAND GBP/ZAR H2: Approaching Resistance

9 thg 3, 2017

Here's why it's a potentially good selling opportunity:
- the well-established downtrend,
- likely support at: 1) the potential supply level (the last swing high), 2) 100% size of the prior correction,
- a perfect match of the strong South African rand and the weak British pound, currently the former oversold and the latter overbought.