sourceGBPUSD is being influenced by new bearish pressures with stable move below moving averages.
[img class=alignnone size-full wp-image-6516 disappear appear src=https://www.icn.com/en/wp-content/uploads/2015/12/GBPUSD@H43.png]We can’t depend on this factor alone to suggest potential downside movements despite the negativity on ADX and RSI trading below 50.00 levels, as the pair trades above 1.50 psychological.
We will update this report once the pair presents new signal; noting that, a break above 1.5125 will affirm resuming the bullish recovery above 1.50.
Support: 1.5060 – 1.5025 – 1.4985
Resistance: 1.5100 – 1.5145 – 1.5180
Direction: Sideways
[img class=alignnone size-full wp-image-6516 disappear appear src=https://www.icn.com/en/wp-content/uploads/2015/12/GBPUSD@H43.png]We can’t depend on this factor alone to suggest potential downside movements despite the negativity on ADX and RSI trading below 50.00 levels, as the pair trades above 1.50 psychological.
We will update this report once the pair presents new signal; noting that, a break above 1.5125 will affirm resuming the bullish recovery above 1.50.
Support: 1.5060 – 1.5025 – 1.4985
Resistance: 1.5100 – 1.5145 – 1.5180
Direction: Sideways