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GBPUSD possibly targeting 1.5350

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As you could read in my previous GBPUSD analysis the pair has broken through 1.5190 initially then went down to a target zone - 1.5155. The pair has been contained below 1.5250 as presumed but today we have seen a breakout through 1.5250 which is telling us that the pair might be targeting 1.5350. From the contextual point of analysis we have 2 different focal points. 1.5200-20 is the POC zone where we can see a confluence of Monthly inner trend line, X cross, 89 EMA and inner trendline. If

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