GBP/USD: Weekly Technical Analysis For March 14-16, 2016

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The GBP/USD rose to as high as 1.4435 during last week’s trading session which shows that rebound from 1.3834 low is still in progress. Initial bias remains on the upside this week first for 1.4666 high, as 21 and 55 EMA remains crossed northward with SSRC still signalling more bullish momentum is expected in the pair.

However am expecting strong resistance below 1.4666 to limit upside and bring reversal. Below 1.4253 minor support will turn bias back to the downside.


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