GBP/USD, forecast from 01/28/15


Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.5230, which will be followed by reaching resistance level 1.5380.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.5165, which will be followed by moving down to support level 1.5100, 1.4975 and then to 1.4870.

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