GBPUSD: Weakens On Loses Upside Momentum

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD - Having failed to sustain its intra day gains to close flat on Thursday and followed through lower during early Friday trading, further bearishness is envisaged. Support lies at the 1.4500 level where a break will turn attention to the 1.4450 level. Further down, support lies at the 1.4400 level. Below here will set the stage for more weakness towards the 1.4350 level. Resistance stands at the 1.4600 levels with a turn above here allowing more strength to build up towards the 1.4650

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