GBP USD made an impressive result last week, running more than 300 pips. However, the rally stalled on Thursday, the bull ran into a wall of resistance at 1.5475.
This struggle continued into Friday, the bulls were unable to maintain an intraday rally, and could not hold a maximum of 1.5485, closed the day 50 pips lower at 1.5435.
Watch out for bears at 1.5475. Key support comes at 1.5330 and 1.5170. In addition, a daily close above 1.5475 will open the way to 1.5660 next key resistance level.
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This struggle continued into Friday, the bulls were unable to maintain an intraday rally, and could not hold a maximum of 1.5485, closed the day 50 pips lower at 1.5435.
Watch out for bears at 1.5475. Key support comes at 1.5330 and 1.5170. In addition, a daily close above 1.5475 will open the way to 1.5660 next key resistance level.
Free, high-quality signal, quality analysis currency market, free training for customers Concord Bay
www.concordbay.com/en/
