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GBP/USD, 03.31.16: downtrend to 40.60

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 31, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an downtrend with target on 1.4180 and then to 1.4165, that may be expected to continue, while pair is trading below resistance level 1.4500. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.4500, which will be followed by moving up to resistance level 1.4660.

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