Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 1.6487
GBP/USD has a major support zone at 1.4811 from which in July this year the pair started to show signs of a bull rise which latter had been confirmed as a lasting bull trend when it reached a major resistance zone at 1.6265.The pair encountered a 1 month and a half sideways movement and cosolidation before the November 13 breakout which bo…