Tuesday 1 September 2015

GBP/USD Broke Below The Support




GBP/USD reached the previous low at 1.5330 and eventually broke below that level. It is very likely that the pair will continue falling at least until it reaches the next support at 1.5130 visible on the weekly filter chart. Still, we should not forget that the ECB rate decision will come out this Thursday , and on Friday we can expect the US Non-farm Payrolls. Both events always provoke great volatility on the market and I, for one, am very cautious when trading in the days before them.

2 comments:

  1. Break below 1.530 level, further downside expected.

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  2. I agree with the analysis, good point.

    ReplyDelete