Fluctuation Analysis of GBPUSD for 15.02.2017

Yesterday the currency pair rebounded from the interest rate zone at 1.25371 and by completing a breakout from the interest rate zone at 1.24777 stopped below the zone.

Today the currency pair is on consolidation under the interest rate zone at 1.24777. We are expecting a downtrend of the price towards the balance level of control zones at 1.24088, from where it is viable to seek a rebound and the return of the price towards the interest rate zone at 1.24777. A breakout from this zone will mark the interest rate zone at 1.25371 as the next target for GBPUSD.

Alternatively, a rebound from the interest rate zone at 1.24777 and a breakout from the balance level of control zones at 1.24088 will most probably result in a downtrend towards the interest rate zone at 1.23579.


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