Technical Analysis /
GBPUSD
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01-05-16

  • GBPUSD technical analysis chart

Long/Short: short

We've seen how the GBP/JPY reacted last week after the BOJ news. GBP/USD is currently facing strong resistance and the direction of this pair will greatly depend on the strength or weakness of the dollar. Long if it breaks the resistance with the first target being 1.4900 Short if it bounces off the resistance with the first target being 1.4100 level.