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GBPUSD Looks To Weaken More On Bearishness

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD: Having declined on further weakness during Monday trading session, GBPUSD looks to weaken more on bearishness. On the downside, support lies at the 1.4350 level where a break will turn attention to the 1.4300 level. Further down, support lies at the 1.4250 level. Below here will set the stage for more weakness towards the 1.4200 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance stands at the 1.4450 levels with a turn above here

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