Neutral Trend
GBPUSD is struggling in a battle between both market forces (bulls and bears) the instrument has a trading range to break. Any four hours close above (1.56860) will open the way for a little push upward to test the resistance level at (1.57537), and a four hours close below (1.54960) will let the instrument test the next support level at (1.54297).
| Important Price Levels | |||||
| Resistance | 1.56690 | 1.57537 | 1.58383 | 1.59060 | 1.60003 |
| Support | 1.55490 | 1.54960 | 1.54297 | 1.53523 | 1.52677 |
Forex Market Analysis courtesy of 4xEagleEye.com