capitalpropertiesfx

Pound heading towards 1.7200

FX:GBPUSD   British Pound/U.S. Dollar
89 0 1
We are closing in on a former support area from the weekly chart and what happnes when we get there is still a question mark. We could turn around and head back to the 1.7020 area or the price creates a range between 1.7200 &. 1.7350 (approx) and starts to concolidate instead. Whatever the case will be, its seems that 1.7200 has no chance to surivive and probably next week will see values above it.

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