Forex Forum to Share, Discuss, Communicate and Trade Forex

GBPUSD: Recovers Higher With Eyes On 1.2591 Zone

Discuss Technical Analysis for various currency pairs and share your views. You may also like to check our Forex technical analysis and Forex forecast sections.
Image

GBPUSD: Recovers Higher With Eyes On 1.2591 Zone

Postby FXTechstrategy » Tue Nov 22, 2016 2:43 am

GBPUSD: The pair closed higher on Monday leaving risk higher in the days ahead. On the downside, support lies at the 1.2450 level where a break will turn attention to the 1.2400 level. Further down, support lies at the 1.2350 level. Below here will set the stage for more weakness towards the 1.2300 level. Conversely, resistance stands at the 1.2550 levels with a turn above here allowing more strength to build up towards the 1.2600 level. Further out, resistance resides at the 1.2650 level followed by the 1.2700 level. On the whole, GBPUSD threatens further weakness on correction.

Image
FXTechstrategy
 
Posts: 256
Joined: Sat May 14, 2016 4:52 pm

Return to 2+1 = 3 - Technical Analysis Discussions

 

Who is online on Forum

Registered users: Andrea ForexMart, Baidu [Spider], Bing [Bot], Google [Bot], HFblogNews, katetrades, Yahoo [Bot]

cron