GBPUSD Daily Analysis - October 17, 2016

Short Term Forex Analysis | by ForexCycle.com | Monday, 17 October 2016 02:38 UTC
GBPUSD is forming a sideways consolidation in a range between 1.1946 and 1.2477. Another rise to test 1.2477 resistance would likely be seen, a break of this level will indicate that the downward movement from 1.3445 had completed at 1.1946 already, then further rally to test the resistance of the downward trend line could be seen.

gbpusd chart

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