24.03.2015 GBP USD

Forex Technical Analysis 24.03.2015 GBP USD

FXTM Online Analysis Department.

GBP USD, “Great Britain Pound vs US Dollar”

Pound continues moving inside an ascending structure with the target at level of 1.50264. After reaching it, the pair may fall towards level of 1.48566, thus forming a consolidation channel. 

If the market breaks this channel upwards, this correction may continue to return to level of 1.5800; if downwards – the downtrend may continue towards level of 1.4400.