Friday, September 18, 2015

GBPUSD: Going Higher or Calming down to Gain momentum?



Yesterday's hike was halted by bumping into a major resistance area. The current patterns suggest a consolidation between 1.552 and 1.56143, today.

Breaching 1.552 will lead it back to 1.55047, which may suggest an inversion.

The daily Pivot Point is around 1.55672. The daily support levels are around 1.55067 and 1.54257. The daily resistance levels are around 1.56482 and 1.57087.