GBPUSD’s bearish movement from 1.2569 extended to as low as 1.2139. As long as the pair stays in the descending channel on 4-hour chart, the downtrend could be expected to continue, and next target would be at 1.2000 area. Key resistance is at 1.2300, only break above this level could signal completion of the downtrend.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 9, 2017 . Thanks for your support.
No comments:
Post a Comment