GBPUSD Looks To Recapture The 1.4400 Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    GBPUSD - Having sold off during early trading today, GBPUSD looks to recapture the 1.4400 zone. While the 14603 level caps any recovery, our bias remains lower. Support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level. Below here will set the stage for more weakness towards the 1.4250 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance stands at the 1.4500 levels

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