Forex Trading Library

GBPUSD 2015-09-30

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GBPUSD

1.5180

GBP-USD, has rebounded significantly from the major support of 1.5150s, with an increasing buying pressure, so, with this new development the most probable scenario is a short up trend toward 1.5320s. However, if the market fell below 1.5190s then a range market is the major pattern of the market in the short term and the level of 1.5150s is the pivotal levels between a bullish or bearish scenario.

  Support Resistence
Level 1 1.5050 1.5220
Level 2 1.4980 1.5320
Level 3 1.4880 1.5480
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