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GBPUSD Weekly Technical Analysis 25-29 January, 2016 | January 24, 2016



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Gbpusd has found support level at last. Now this pair has pulled back from support level at 1.4100 area. From that support level, this pair has formed bullish engulfing pattern. This bullish sign can indicates the return of bullish momentum on this pair.


On the chart, we can see a downward trend line. This pair has broken that trend line. Broken level lies on 1.4220 area. So if we find this pair on that level, then we can go for buy on this pair. Target for this buy can be 100-150 pips.


There is another support level lies on 1.4000 area. So If this pair falls to that support, then we should go for buy on this level


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