Forex Trading Library

GBPUSD 2015-09-23

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GBPUSD

1.5305

It was clear like water, the market has re-tested the broken pattern at the levels as we mention, and generated bear candles.

we see the downside scenario if market keep trading below this level 1.5400 and settled below it, where the price targets 1.5230.

A Sell-Off is the higher probable scenario as long as the market below 1.56s, to waiting the targets @ 1.51s. However, if the market is traded higher than 1.5550s then a pull back and re-test to 1.56s is highly expected.

  Support Resistence
Level 1 1.5380 1.5420
Level 2 1.5230 1.5550
Level 3 1.5165 1.5650
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