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GBPUSD: Targets Additional Strength On Bullish Offensive

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPUSD - Having reversed its Tuesday losses to break further higher during Wednesday trading session, GBPUSD targets additional strength towards the 1.4559 level. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level. Below here will set the stage for more weakness towards the 1.4300 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, resistance stands at the 1.4550 levels

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