tigo2020

GBPUSD - Weekly Outlook May 4th 2015

FX:GBPUSD   British Pound/U.S. Dollar
61 0 1
GBPUSD             Daily Time Frame

1. 1.50 zone is now an important zone. It acted as resistance before and may act as support in the coming week.

2. If we get a pull back back to 1.5215 zone, I will be looking for bearish signals to sell GBPUSD             . Alternatively, we may get a push all the way to 1.50 zone at which I will be looking for bullish signals to buy GBPUSD             back to 1.5215 zone.

** Bullish/Bearish Signals include
- Bullish/Bearish Candle Stick formation at those levels
- Bullish/Bearish Divergence at lower time frames (e.g. H4, H1, M15).
- Trend line breaks on lower time frames.
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