GBPUSD remains in downtrend from 1.6182, the bounces from 1.5590 could be treated as consoliation of the downtrend. 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.
For more short term forex analysis and info visit via GBPUSD Daily Analysis - November 20, 2014 . Thanks for your support.
No comments:
Post a Comment