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    Technical analysis for the GBP/USD – 19.11.2015

    Bullish attempt to continue growth was held back by resistance at 1.5300. After the test of this level the price pulled back down and is now testing 1.5240/50 mark, this time as support. Indicators are bullish, so the price has all chances to resume its ascension. If bears manage to break the tested 1.05240/50 support, which is now acting as significant barrier on the way down, decline will continue. The rebound from this mark, on the other hand, will trigger growth above 1.5300, which will indicate dominating bullish moods and further ascension to resistance at 1.5390/1.5400.

    GBP191115

     

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

    Bullish attempt to continue growth was held back by resistance at 1.5300. After the test of this level the price pulled back down and is now testing 1.5240/50 mark, this time as support. Indicators are bullish, so the price has all chances to resume its ascension. If bears manage to break the tested 1.05240/50 support, which is now acting as significant barrier on the way down, decline will continue. The rebound from this mark, on the other hand, will trigger growth above 1.5300, which will indicate dominating bullish moods and further ascension to resistance at 1.5390/1.5400.

    GBP191115

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


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