GBPUSD Faces Further Upside Pressure On Price Bounce

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 24, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD - Having followed through higher on the back of its Wednesday recovery gains, GBPUSD faces further upside pressure on price bounce. Support lies at the 1.4850 level where a break will turn attention to the 1.4800 level. Further down, support lies at the 1.4750 level. Below here will set the stage for more weakness towards the 1.4700 level. Conversely, resistance stands at the 1.4950 levels with a turn above here allowing more strength to build up towards the 1.5000 level. Further out,

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