GBP/USD Strengthens On Bullish Correction
FXTechstrategy Team | Feb 12, 2016 06:48AM ET
GBP/USD: Having the pair rejected lower prices on Thursday and was seen strengthen during Friday trading session today, it looks to strengthen further. Support lies at the 1.4500 level where a break will turn attention to the 1.4450 level. Further down, support lies at the 1.4400 level. Below here will set the stage for more weakness towards the 1.4350 level. On the upside, resistance stands at the 1.4600 level with a turn above here allowing more strength to build up towards the 1.4650 level. Further out, resistance resides at the 1.4700 level followed by the 1.4750 level. On the whole, GBP/USD targets further bullish offensive on correction.
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