GBP/USD chart alert.

Focus Remains on the Downside for GBP/USD

October 1, 2015 3:54 am GMT+0  in Chart Alert

GBP/USD’s fall from 1.7192 had completed 50% retracement and refused to go any further. The second wave of downward move seems to have 38.2% retracement level as resistance instead of support. The upward move from 1.4567 had reflected the psychological support of 1.4500 range. However, the pair could not break the psychological barrier of 1.6000 […]