GBPUSD: Risk Remains Lower Below The 1.5371/83 Region

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPUSD: GBP declined sharply the past week leaving risk of more weakness on the cards. While it holds and trades below its cluster of resistance zone at 1.5371/83, its outlook remains lower. Support lies at the 1.5250 level where a break will turn attention to the 1.5300 level. Further down, support lies at the 1.5200 level. Below here will set the stage for more weakness towards the 1.5150 level. Its weakly RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance

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