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GBP/USD: sideways trading between 1.4400 and 1.4630

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Main scenario: The pair is trading along an uptrend with target, that may be expected to continue in case the market rises above resistance level 1.4630, which will be followed by reaching resistance level 14815. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1.4400, which will be followed by moving down to support level 1.4240.

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