Friday, July 24, 2015

Pay attention on support point 1.5499 as Pounds slips down!

The graphic movement of GBP/USD is in under a strong Bearish pressure and currently it's testing the position of support 1.5499. Based on such a condition, the tendency will be Bearish. It will surely press continuously till around 1.5459 - 1.5435, if position of 1.5499 is penetrated.

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BEARISH Propensity; Pay attention on 1.5499

SUPPORT Position: 1.5499, 1.5459, and 1.5435

RESISTANCE: 1.5564, 1.5584, 1.5669

Cheers!

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