Forex Trading Library

GBPUSD 2015-11-06

0 192

GBPUSD

1.5135

Market managed to activate sell-off mode after BOE signaling interest rate may hold levels for farther time until inflation showing growth where market managed to fell below 1.5250-60 zone

market facing support zone at 1.5105-10, as market holding above the pound may have chance for rebound correction toward 1.5240-60 zone, while below 1.5105 market will initiate new downtrend wave that will target 1.4905 and 1.4800

as long as market holding trades below 1.5260 the downtrend pressure will sustain

  Support Resistence
Level 1 1.5105-10 1.5200
Level 2 1.4990 1.5240-60
Level 3 1.4905 1.5360
Leave A Reply

Your email address will not be published.