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GBPUSD Strengthens On Corrective Recovery With Eyes On 1.4600

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

  1. Sandra S.

    Sandra S. Forum Member

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    GBPUSD: Having the pair rejected lower prices on Thursday and was seen strengthen during Friday trading session today, it looks to strengthen further. Support lies at the 1.4500 level where a break will turn attention to the 1.4450 level. Further down, support lies at the 1.4400 level. Below here will set the stage for more weakness towards the 1.4350 level. On the upside, resistance stands at the 1.4600 level with a turn above here allowing more strength to build up towards the 1.4650 level.

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