March 18, 2015

GBPUSD Targets for the Fall

 
  • Daily time frame shows a  failed attempt to stay above the cloud.
  • Weekly chart shows price breaking the support line of a  bearish pattern.
  • Month chart is also violating support levels of a rectangle.
  • Next target is at 1.44 levels. If that fails to hold Pound usd may slip towards 1.36 levels in the months to come.
  • GBPUSD RISING CHANNEL BREAKDOWN
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