Forex trading signals and analysis for GBPUSD – 21 Oct 2014

Forex trading signals and analysis for GBPUSD – 21 Oct 2014

Analysis:

GBPUSD shown signs of recovery when 1.6120 level was broken yesterday.  Price is still trading below 1.65500 and our view on the Pound is still bearish, however it is more weakness now.

We expect GBPUSD will continue to move up further today and the Cable need to break 1.62200 to continue its up move.

GBPUSDH4 - 21 Oct 2014

Forex Trading Signal:

We will watch for signals to short GBPUSD around 1.62200 – 1.62500 today.

Resistant zone:

+1.6400

+1.62200

Support zone:

+1.61200

+1.59600

ForexSignals247

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