GBP/USD Morning Technical Report 30/10/2014
ecPulse
2014-10-30 07:30AM UTC
The pair is still moving to the downside and broke 1.6000 levels, easing the way for turning the intraday move to the downside targeting now the previously breached resistance of the Falling Wedge Pattern 1.5880. Consolidating below 1.6000 keeps the negative pressure valid and the extended targets reaches to 1.5800, while a break above 1.6000 achieves positive trading that target 1.6285 mainly.
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