GBPUSD - Target 1.4819

21 thg 1, 2015

As you can see GBPUSD has been in a downtrend since mid 2014, I expect the downtrend to continue to levels of 1.4819 this is the first target. I got this target by taking the range of the current price and as the market moves in legs added 'a leg' onto the bottom, lined up with past strong support and also fib ex.

Confluences
- Downtrend
- Ichimoku no signs of cloud closing
- Ma cross over still occurring
- Fib extension level 0.764 lines up with target one
- Market 'Legs'