March 12, 2015

GBPUSD Testing crucial support zone

  • GBPUSD is testing crucial support zone in week and month charts.
  • Daily chart continues to give lower lows. Price unable to sustain above daily cloud.
  • 1.48 level is crucial for British pound. Close below this level may lead to 1.44 as seen in second chart.
  • If the range bottom holds pair may continue to remain in this Multi year Range.

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