FOREX BUY/SELL SIGNAL FORECAST FOR GBPUSD

GBPUSD For the fourth consecutive week GBPUSD failed to break the very strong resistance level at 1.4136, in addition, the pair had formed a descending triangle in the daily chart. For this week we have a very wide trading range (1.4661 to 1.4107) GBPUSD needs to break to determine its future direction, till it breaks this trading range we should stand aside. Current Week Trading Strategy: We will stay neutral on this pair till it breaks above 1.4661 or under 1.4107, any close beyond those boundaries should be considered as a buy/sell signal.