(No Ratings Yet)
Loading ...
GBPUSD remains in short term uptrend from 1.3654 though the pullback from 1.4231 has extended to 1.3964 level. One more rise to test 1.4305 key resistance is still possible after consolidation and a break above this level will indicate that the fall from 1.4985 has completed at 1.3654 level already, and then the following uptrend could bring price to 1.4600 zone. Near term support is at 1.3940 followed by 1.3875, only fall below 1.3875 will suggest that the fall from 1.4231 is resumption of the downtrend from 1.4985, and then deeper decline could be seen to 1.3550-1.3600 area.
Forex Cycle. See more You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply