The GBP/USD keeps the correction phase. The GBPUSD failed to continue its bullish momentum yesterday bottomed at 1.5149. The bias is bearish in nearest term testing 1.5100.Immediate resistance is seen around 1.5215. The British pound fell against the dollar. Earlier the pound was supported by the Bank of England governor M. Carneys speech who assured the Parliament of Great Britain that additional stimulus will not work. The RICS report showed that the housing prices balance in December show a decline to 11% from 13%. Support levels: 1.5200; 1.5273; 1.5368. Resistance levels: 1.5144; 1.5098, 1.5055 Our recommendation is Short at the levels mentioned: Entry Level : 1.5171 1st Target : 1.5144 2nd Target : 1.5098 Stop Loss : 1.5257 Visit snfinancials/ #USD #EUR #Currency #forextrading #openanLiveAccount #OpenaDemoAccount #ForexAnalysis #Britain #India #Cyprus #Auckland #capital #investment #UK #Brazil #Germany #Argentina #France #traders #trading #bulls #bears #Canada #Mumbai #Mexico #Netherlands #Australia #India #mumbai #Bangalore
Posted on: Fri, 16 Jan 2015 09:02:17 +0000
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