ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


The price has now consolidated below the intermediate resistance of 1.5625. There’s a high possibility of the bounce down and continuation of the bearish trend.

Potential decline targets are situated at: 1.5515, 1.5467.  Alternative scenario: correction up from strong 1.5690 resistance is probable.

GBP_USD British Pound _

By Theodoros  Batsoulis
Technical Analyst
Risk Market