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GBPUSD Takes Back Losses, Sets Up For More Strength

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 14, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD: GBP has revered its Tuesday losses and looks to resume its short term uptrend. On continued upside offensive it should target its nearby resistance at the 1.5400 level. On the upside, resistance resides at the 1.5450 level. Further out, resistance resides at the 1.5500 level followed by the 1.5550 level. A cut through here should open the door for more strength towards the 1.5600 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support comes

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