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GBPUSD headed higher as predicted & beat resistance at 1.4155/65

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 04 March 2016 GBPUSD Spot GBPUSD headed higher as predicted & beat resistance at 1.4155/65 to hit the next target of 1.4185/90. We topped just 4 pips above. Overbought short term now so profit taking possible & targets 1.4155/50, perhaps as far as support at 1.4110/05. The downside should be limited but if we continue lower look for support at 1.4060/55 then a buying opportunity at 1.4040/30. A break above 1.4200 is a buy signal & targets resistance at 1.4240/50.

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