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GBPUSD: Threatens Its Key Support On Sell Off

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPUSD - The pair sold off strongly during Monday trading session leaving risk lower towards its key support at 1.4079. On the downside, support lies at the 1.4050 level where a break will turn attention to the 1.4000 level. Further down, support lies at the 1.3950 level. Below here will set the stage for more weakness towards the 1.3900 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance stands at the 1.4150 levels with a turn above here

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