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31 Mar 2015
GBPUSD: Bearish below 1.4985 - 2ndSkies
FXStreet (Bali) - GBP/USD remains bearish as long as 1.4985 holds, with a daily close above changing the outlook, notes Chris Capre, Foundder at 2ndSkies.
Key Quotes
The cable like the Euro has yet to have a daily close above the FOMC spike highs.
Today the pair mildly sold off so we may see another test of the key resistance at 1.4985 which I'd be open to selling at.
Only a daily close above here and the FOMC Spike highs changes the bearish outlook. Downside targets remain 1.48 and 1.47.
Key Quotes
The cable like the Euro has yet to have a daily close above the FOMC spike highs.
Today the pair mildly sold off so we may see another test of the key resistance at 1.4985 which I'd be open to selling at.
Only a daily close above here and the FOMC Spike highs changes the bearish outlook. Downside targets remain 1.48 and 1.47.