GBPUSD first resistance at 1.4335/40

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 19 February 2016 GBPUSD Spot GBPUSD first resistance at 1.4335/40 again today, but above here re-targets a selling opportunity at 1.4395/99. Try shorts with stops above 1.4430. A break higher is a short term buy signal & targets 1.4450 then short term trend line resistance at 1.4490. The pair are clearly in a bear trend & holding below first resistance at 1.4335/40 targets 1.4300, perhaps as far as 1.4265/60. If we continue lower look for this week's low at 1.4233. Be

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