GBPUSD Targets Further Downside Pressure Medium Term

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD: Having continued maintain its long term bearishness, GBPUSD targets further downside pressure. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level. Below here will set the stage for more weakness towards the 1.4050 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Resistance stands at the 1.4350 levels with a turn above here allowing more strength to build up towards the

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