Forex Trading Library

GBPUSD 2015-10-08

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GBPUSD

1.5320

GBP-USD, with an increasing buying pressure, so, with this new development the most probable scenario is a short up trend toward 1.5405 level that’s will extend the bullish wave to reach 1.5600, while the bullish bias will remain expected . Unless if breaking 1.5240 level and holding below them. 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 1.5200 1.5320
Level 2 1.5150 1.5417
Level 3 1.5050 1.5518
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