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    Technical analysis for the GBP/USD – 30.11.2015

    The price reached its first target on the way down at 1.5160/30 support and fell down to the next target at 1.5030. Bears are now attempting to break this barrier on the way down and hold below it – trading is carried out at around 1.5020/10. The indicators suggest dominating bearish potential and give reasons to expect the price to hold below 1.5030 and proceed to the next target at  1.4940 support, where from it’ll most likely commence another correction.

    GBP301115

    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!

    The price reached its first target on the way down at 1.5160/30 support and fell down to the next target at 1.5030. Bears are now attempting to break this barrier on the way down and hold below it – trading is carried out at around 1.5020/10. The indicators suggest dominating bearish potential and give reasons to expect the price to hold below 1.5030 and proceed to the next target at  1.4940 support, where from it’ll most likely commence another correction.

    GBP301115

    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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