GBPUSD : Corrective Recovery Is Pointing Lower
Our Services Video Tour | Subscribe to our newsletter
Sep 24 2015
Pound is falling sharply away from 1.5657 area where we were looking for a bearish reversal last week as we were tracking move from September lows as a temporary recovery. Well, latest decline out of a corrective channel and beneath 1.5327 wave B swing low confirmed end of a zigzag at recent high. That said, a whole corrective bounce from 1.5160 should be fully retraced which means that pound will fall further. However, we may see some minor rally to around 1.5330 resistance before downtrend may resume.
Try our service today for 1 Month For Only 1€!!
New York time: 00:00:00
Local time: 00:00:00
©2010 - 2020 ew-forecast.comDesign: VOBI