GBPUSD Weekly Analysis – March 29, 2015
GBPUSD’s bounce from 1.4634 extended to as high as 1.5162.
GBPUSD’s bounce from 1.4634 extended to as high as 1.5162.
The GBPUSD pair fell during the course of the day on Friday, testing the 1.52 handle.
GBPUSD remains in downtrend from 1.5785, the rise from 1.5034 is likely consolidation of the downtrend.
GBPUSD is facing 1.5541 support again, a breakdown below this level will signal resumption of the downtrend
After touching 1.5590 support, GBPUSD bounced back into the trading range between 1.5590 and 1.5825,
GBPUSD broke below 1.5590 support, indicating that the downtrend from 1.6182 has resumed.
GBPUSD remains in downtrend from 1.6182, the rise from 1.5590 is likely consolidation of the downtrend.
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6182, and the rise from 1.5590 could be treated as consolidation of the downtrend.
GBPUSD remains in downtrend from 1.6182, the rise from 1.5592 is likely consolidation of the downtrend.
GBPUSD’s downward movement from 1.6182 extended to as low as 1.5592.