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GBPUSD: Weakens On Break Of Key Support

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 24, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD: The pair extended its weakness on Tuesday leaving risk of more weakness on the cards. This is coming on the back of a break of its key support at the 1.4079 level. On the downside, support lies at the 1.3900 level where a break will turn attention to the 1.3850 level. Further down, support lies at the 1.3800 level. Below here will set the stage for more weakness towards the 1.3750 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance

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