GBPUSD: Having failed to follow through higher on the back of its Friday strength on Monday, GBPUSD faces downside pressure on recovery failure. While the 1.4949/44 zone caps any strength, we look for the pair to weaken. Support lies at the 1.4850 level where a break will turn attention to the 1.4800 level. Further down, support lies at the 1.4750 level. Below here will set the stage for more weakness towards the 1.4700 level. Conversely, resistance stands at the 1.4950 levels with a turn above here allowing more strength to build up towards the 1.5000 level. Further out, resistance resides at the 1.5050 level with a cut through that level paving the way for a move higher towards the 1.5100 level. On the whole, GBPUSD faces downside pressure on recovery failure with eyes on 1.4904 zone. Our latest podcast is titled The Fed Awakens, and what’s next? FX Tech Strategy FX Tech Strategy FX Tech Strategy provides simple forex research for Intra-day, swing and position traders. For over 6 years, FXTechstrategy has been committed to providing forex traders including intra-day, swing and position traders exceptional forex research with technical analysis expertise that makes trading decisions easy and painless. FXTchstrategy won Best Technical Analysis (forex best awards) by fxstreet in 2011 and was finalists, Star Awards by traderplanet in 2011 & 2012. View All Post By FX Tech Strategy Forex Bits share Read Next EUR/USD, USD/JPY, GBP/USD Pivot Points, TA – December 30 John Benjamin 7 years GBPUSD: Having failed to follow through higher on the back of its Friday strength on Monday, GBPUSD faces downside pressure on recovery failure. While the 1.4949/44 zone caps any strength, we look for the pair to weaken. Support lies at the 1.4850 level where a break will turn attention to the 1.4800 level. Further down, support lies at the 1.4750 level. Below here will set the stage for more weakness towards the 1.4700 level. Conversely, resistance stands at the 1.4950 levels with a turn above here allowing more strength to build up towards the 1.5000 level. Further out, resistance resides… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
