GBPUSD: Retains Its Broader Bias With Eyes On 1.2914 Zone

30 September 2016, 03:46
GBPUSD: The pair continues to threaten further downside pressure after losing upside momentum on Thursday. On the downside, support lies at the 1.2900 level where a break will turn  attention to the 1.2850 level. Further down, support  lies at the 1.2800 level. Below here will set the stage  for more weakness towards the 1.2750 level. Conversely, resistance stands at the 1.3000 levels with  a turn above here allowing more strength to build up towards the 1.3050 level. Further out, resistance  resides at the 1.3100 level followed by the 1.3150 level. On the whole, GBPUSD threatens further downside pressure.


Share it with friends: