GBPUSD > 10/1-6/17 Trade Analysis
Timeframe: 1W
Believe top of upward trend located at strong resistance level 1.3587 and expected to hold.
From 1.3587, expecting decline to support level 1.3135 in longer term as long as price remains below top resistance.
Should firm break and hold above 1.3587 occur, expect rise to next major resistance level @ 1.3915 but at this time, not expected.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Timeframe: 1W
Believe top of upward trend located at strong resistance level 1.3587 and expected to hold.
From 1.3587, expecting decline to support level 1.3135 in longer term as long as price remains below top resistance.
Should firm break and hold above 1.3587 occur, expect rise to next major resistance level @ 1.3915 but at this time, not expected.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.