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    Technical analysis for the GBPUSD on 14.05.2015

    The GBPUSD broke and held above the 1.5685 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 150 pips Max. 1.5800

    Min. 1.5570

    gbpusd9

    The British pound keeps trading to the downside. Despite the fact, that trading volumes indicate weakening bullish potential, the uptrend is still relevant.

    Yesterday the price broke intermediate resistance at 1.5685. The level is now acting as key support, where from there’s a high chance of the rebound up.

    Potential growth targets are situated at two round supports of 1.5700, 1.5800.

    Alternative scenario: the breakout of 1.5685 support will trigger a short-term correction down towards 1.5600 – 1.5465.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The GBPUSD broke and held above the 1.5685 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 150 pips Max. 1.5800

    Min. 1.5570

    gbpusd9

    The British pound keeps trading to the downside. Despite the fact, that trading volumes indicate weakening bullish potential, the uptrend is still relevant.

    Yesterday the price broke intermediate resistance at 1.5685. The level is now acting as key support, where from there’s a high chance of the rebound up.

    Potential growth targets are situated at two round supports of 1.5700, 1.5800.

    Alternative scenario: the breakout of 1.5685 support will trigger a short-term correction down towards 1.5600 – 1.5465.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


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