KN_FXtrader

GBP/USD Preparation for the upcoming week

FX:GBPUSD   Pound Sterling/U.S. Dollar
The price tried to go below the important level of 1.4946.( touched the fibonacci extension level also). At this point we saw a strong bulish movement that puhed the price above the psychological level of 1.5100. We are waiting important announcements for GBP this week, so its important to check if the price manage to stay above 1.5100. In this case it is possible a retest of the bearish trendline and maybe a retest of 1.5330.
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