GBPUSD Next Week Outlook - ranging within key levels for direction
12 October 2015, 21:11
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W1 price is located inside Ichimoku cloud within the following key support/resistance levels:
- 1.5929 key resistance level located near above Ichimoku cloud on the bullish border between the bearish and the bullish trend on the chart, and
- 1.5106 key support level located near below Ichimoku cloud on the bearish border between the bearish and the bullish trend on the chart.
| Resistance | Support |
|---|---|
| 1.5929 | 1.5106 |
| N/A | N/A |
If W1 price will break 1.5106
support level on close W1 bar so the primary bearish will be started.
If W1 price will break 1.5929 resistance level so the primary bullish market condition will be started.
If not so the price will be ranging between the levels.
Trend:
