Yesterday continuation of pressure on the British currency was observed, however I expected this movement on Tuesday. Successfully passable level of support 1,5115, now level of resistance, points at continuation of the descending trend.
Main movement of pair
Pair continues trading in the descending trend, Tenkan and Kijun lines are bound above the price, the price moves below the ascending cloud, continuation of the descending movement is predicted. One should take a sell positions below the level of resistance 1,5093 and fix profit at the levels of support 1,5060, 1,5010, 1,4975.
Alternative movement of pair
If pair manages to break through and get fixed above the level of resistance 1,5093, continuation of the ascending movement to the following levels of resistance 1,5115, 1,5155 will be possible.
Level of resistance: 1,5093; 1,5115 1,5155.
Level of support: 1,5060; 1,5010; 1,4975.
Main movement of pair
Pair continues trading in the descending trend, Tenkan and Kijun lines are bound above the price, the price moves below the ascending cloud, continuation of the descending movement is predicted. One should take a sell positions below the level of resistance 1,5093 and fix profit at the levels of support 1,5060, 1,5010, 1,4975.
Alternative movement of pair
If pair manages to break through and get fixed above the level of resistance 1,5093, continuation of the ascending movement to the following levels of resistance 1,5115, 1,5155 will be possible.
Level of resistance: 1,5093; 1,5115 1,5155.
Level of support: 1,5060; 1,5010; 1,4975.
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