GBPUSD: Vulnerable To The Downside Medium Term

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

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD: With the pair continuing to remain weak and vulnerable to the downside, more weakness is likely in the new week. On the downside, support lies at the 1.4100 level where a break will turn attention to the 1.4050 level. Further down, support lies at the 1.4000 level. Below here will set the stage for more weakness towards the 1.3950 level. Conversely, resistance stands at the 1.4200 levels with a turn above here allowing more strength to build up towards the 1.4250 level. Further out,

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