GBP/USD, Weekly Forecast, May 23 - 27: Break Up of 1.4530 Open Uptrend Target on 1.4670 and 1.4815
23 May 2016, 12:57
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GBP/USD, Weekly Forecast, May 23 - 27: Break Up of 1.4530 Open Uptrend Target on 1.4670 and 1.4815
Main scenario:
The pair is trading along an sideways trend between support 1.4480 and
resistance 1.4530, where break up of 1.4530 will open uptrend target on
resistance 1.4670 and then on 1.4815.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level
1.4480, which will be followed by moving down to support level 1.4360
and 1.4290.
