Thursday, May 7, 2015

Forex GBP/USD

Summary : Target Level : 1.509Target Period : 3 days
Analysis :
Descending Triangle identified at 07-May-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.509 within the next 3 days.

Resistance Levels :
( B ) 1.5291Last resistance turning point of Descending Triangle.

Support Levels
( A ) 1.509Last support turning point of Descending Triangle.