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GBPUSD Weekly Technical Analysis 11-15 January, 2016 | January 9, 2016
Gbpusd has broken on the lower side of the wedge pattern. So this pair will face bearish pressure. Now technically this pair is full of down pressure. There is no sign of bullish movement on this pair. So traders should stay on bearish side on this pair to catch the sharp fall on this pair.
1.4500 level can be little support for this pair. If we can find some bullish candle above this support level, then we should go for buy on this pair.
Next support for this pair lies on 1.4200 level. Due to bearish momentum of this pair, it can reach its new support level on the coming days
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