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GBP/USD: wtih further break up of 1.4630 uptrend will continue to 1.4815

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Main scenario: The pair is trading along an local uptrend with target on 1.4630 - 1.4600, from that we can expect rebounding to support level 1.4450. Certain downtrend will start as soon, as the pair drops below support level 1.4450, which will be followed by moving down to support level 1.4360 and then to 1.4240. Alternative scenario: The uptrend may be expected to continue in case the market rises above resistance level 1.4630, which will be followed by reaching resistance level 1.4815.

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