GBP/USD: further downtrend will continue with break down of 1.4360

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 9, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Main scenario: The pair is trading along an sideways trend between support 1.4360 and resistance level 1.4470, where downtrend may be expected to continue in case the market drops below support level 1.4360, which will be followed by reaching support level 1.4240. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.4470, which will be followed by moving up to resistance level 1.4600.

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