/ 

Oct 04

TECHNICAL ANALYSIS BY NSFX 04.10.2015

By:

High:  Low: 

The rate made a pullback on the medium term demand line generated last April, and it is possible to see another bearish wave this week. There is the psychological support at 1.5 and below this level GbpUsd can slide to 1.4838 and then it might test its 2015 low at 1.4566.  In case the pair will rise above its 200SMA, now at 1.5370, it should test area 1.55 and then the supply line that links lower highs generated last June.

R3
R2
R1
S1
S2
S3