GBPUSD Bearish Risk Turns Attention To The 1.5199 Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 28, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD: GBP continues to face downside pressure taking back its Monday gains to close lower on Tuesday. With more weakness underway, it could see further decline towards its key support located at 1.5199 level. On the downside, immediate support lies at the 1.5250 level with a break of here turning attention to the 1.5200 level. Further down, support lies at the 1.5150 level. Below here will set the stage for more weakness towards the 1.5100 level. Its daily RSI is bearish and pointing lower

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