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Pound/Dollar: 1.5207 Target

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly The UK pound on Thursday contrived to return to 1.55. From here the pound followed the euro against the dollar by falling to 1.5368. The lower limit of the channel was broken. A fall to the 135th degree to 1.5320 is expected. If we take the euro’s fall against the dollar into account, the pound’s closest target is 1.5207. Daily The pound can’t rise due to the fall of the euro. On the forecast I’ve gone for a fall of the GBPUSD to the trend line at 1.5207. Weekly Changes for the pound

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