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GBPUSD is facing 1.6259 resistance

Discussion in 'Technical Analysis' started by ForexCycle.com, Oct 20, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    GBPUSD is facing 1.6259 resistance, a break above this level will indicate that the uptrend from 1.4813 (Jul 9 low) has resumed, then the following upward movement could bring price to 1.6500 zone. Support is at 1.6080, only break below this level will suggest that lengthier consolidation of the uptrend is underway, then sideways movement in a rang between 1.5894 and 1.6259 could be seen.

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