Forex Forum to Share, Discuss, Communicate and Trade Forex

GBP/USD Chart Alert - Favoring Further Downside

Please share any observations which can lead to a surer or bigger market movement. Sometimes there are signs for a possible major move but we may miss to notice those. This sub-forum is for such signs. Please contribute to bring up the best.
Image

GBP/USD Chart Alert - Favoring Further Downside

Postby Himanshu » Thu Oct 01, 2015 9:49 am

GBP/USD has breached the important support level of 1.5170 and that has strengthened the bearish sentiments.

Image

We now expect next target as 1.5055 and a break below 1.5000 should extend the fall towards 1.4800 next. Do check the complete analysis at:

http://www.forexabode.com/forexblog/forex-fundamentals-and-news/forex-analysis/chart-alert/focus-remains-on-the-downside-for-gbpusd/.

The above URL is not clickable and hence either by going to the blog section or copying and pasting this URL.
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

Re: GBP/USD Chart Alert - Favoring Further Downside

Postby Sininfinity » Thu Oct 15, 2015 4:57 am

Price made a big move upwords and at 1.547xx zone. Also it is around 61.8% fibonacci retracement level but bulls have shown strength reaching there. It is difficult to say if price will fall from there or fibonacci retracement will fail.
FXOptimax.com - Spread from 0 pips, Promotions
User avatar
Sininfinity
 
Posts: 2101
Joined: Sun Apr 28, 2013 5:04 am


Return to Forex: Alerts - Observations - Watch outs

 

Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Google Adsense [Bot], Sininfinity, Yahoo [Bot]