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2 Mar 2015
GBP/USD bearish below 1.5410 – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, gives the technical outlook for GBP/USD, and expects the downside for cable to be restored on a break below 1.5250.
Key Quotes
“GBP is still in a small upside channel, but now it is close to test the downside border at 1.5350. It is good to know that breaking below that may restore the downside so be very careful.”
“The final support is at 1.5250 and if we loose that too downside will be fully restored.”
“For now we are bearish below 1.5410 and bullish above 1.5440-60. Use the last as a reversal point.”
Key Quotes
“GBP is still in a small upside channel, but now it is close to test the downside border at 1.5350. It is good to know that breaking below that may restore the downside so be very careful.”
“The final support is at 1.5250 and if we loose that too downside will be fully restored.”
“For now we are bearish below 1.5410 and bullish above 1.5440-60. Use the last as a reversal point.”