Wednesday, March 18, 2015

GBP/USD Chart wednesday


GBP/USD

The GBPUSD broke down during the session on yesterday, slicing back below the 1.48 level. With that, the market looks as if it’s ready to continue going lower, possibly down to the 1.45 level and as a result the market will more than likely be targeting it. Any rally at this point of time will more than
likely find a significant amount of resistance all the way to the 1.50 level, so we are willing to sell resistive looking candles.

No comments:

Post a Comment