Monday 17 November 2014

GBPUSD Daily Analysis - November 18, 2014 Forex Analysis

GBPUSD remains in downtrend from 1.6182, the rise from 1.5592 is likely consolidation of the downtrend. Key resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.5400 area. Only a clear break above the trend line resistance could signal completion of the downtrend.



gbpusd chart






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