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GBPUSD






2/18/2015 1:27:57 AM

GBPUSD - Technical Analysis: Wednesday, 18/02/2015 06:27 GMT



Breaching the main descending channel’s resistance was through a bullish wave which is confined inside an intraday rising wedge, thus, this pattern keeps the chances valid to return to the breached channel.

Breaking 1.5315 then 1.5150 will confirm the return to the bearish trend, on the other hand, breaching 1.5480 will push the price to change its main trend upwards.


Target
Risk


Support
Resistance


Trend Bearish

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