GBPUSD 2015-10-07
GBPUSD
1.5297
GBP-USD, has rebounded significantly from the major support of 1.5105s, with an increasing buying pressure, the price is breaking 1.5250 levels. now the price forming the technical bullish pattern that has the ability to push the price to reach to 1.5350 initially.
However, if the market fell below 1.5000s then a range market with downward slope is the major pattern of the market in the short term , however ,the level of 1.5150s is the pivotal levels between a bullish or bearish scenario.
Support | Resistence | |
Level 1 | 1.5200 | 1.5320 |
Level 2 | 1.5150 | 1.5417 |
Level 3 | 1.5050 | 1.5518 |