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Forex Trading – GBP/USD


Forex Trading – GBP/USD
Yesterday, in the first trading hours, the British pound was in range 1.5515-1.5600 USD. During the European session, it raised its value to 1.5020 USD. This morning the currency pair is trading at 1.5535-1.5555. According to the analyses of Trading212, if GBP breaks the resistance levels at 1.5555-1.5575 USD, the aim will be reaching and testing the zone 1.5590-1.5610 USD. If it is successful, the upward trend will continue to 1.5635-1.5660 USD. If GBP drops below the support levels at 1.5540-1.5520 USD, it will try to find a next support at 1.5495-1.5480 USD. In case of breaking down, the downward trend will continue to 1.5460-1.5440 USD.

This entry was posted on Tuesday, January 24th, 2012, 10:24 am and is filed under Forex Trading - GBP/USD. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

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