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GBPUSD tests lowest target now

Discussion in 'Technical Analysis' started by ForexLive, Dec 2, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    The levels keep on getting checked off The GBPUSD continues to check off the lower targets. The 1.5000 level then 1.4994. Then the 1.4975 trend line and now the 1.4950 which is the low going back to January. A move below the 1.4950 will put the pair in the up and down range that dominated in March and April. A move higher will run into resistance (or should) and the 1.4975 and then 1.5000 (just reverse the broken levels today).

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