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orvilleawright
Nov 3, 2015 12:11 PM

Nov 3 2015: WEEKLY GBPUSD in consolidation 

British Pound/U.S. DollarFXCM

Description

Nov 3 2015: WEEKLY GBPUSD in consolidation
(Analysis Based on WEEKLY chart)

Observations
1. Price has been consolidating for a couple of weeks
2. RSI close to 50
3. Price may break up or down. Potential targets are shown

NOTE: Wait for price action to confirm the importance of this level.

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