GBPUSD is facing 1.5874 support, a breakdown below this level will signal resumption of the downtrend from 1.6524 (Sept 19 high), then next target would be at 1.5600 area. Key resistance is at 1.6226, only break above this level will indicate that the downtrend had completed at 1.5874 already, then further rise to 1.6400 area could be seen.
For more short term forex analysis and info visit via GBPUSD Daily Analysis - November 4, 2014 . Thanks for your support.
No comments:
Post a Comment