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13 Apr 2015
GBP/USD downside target at 1.4231 – Kshitij Consultancy
FXStreet (Barcelona) - Analysts at Kshitij Consultancy, explain that the outlook for GBP/USD will remain bearish as the pair broke below the key 1.47 level, with the downside target at 1.4231.
Key Quotes
“Pound (1.4612) dropped sharply to levels of 1.458 yesterday and continues to trade lower near levels last seen in June 2010. Elections are due 7th May, 2015 and the currency seems to have entered into a weak zone for the near term.”
“Target on the downside is 1.4231. As said earlier, a break of 1.47 on the downside would be bearish for GBPUSD.”
Key Quotes
“Pound (1.4612) dropped sharply to levels of 1.458 yesterday and continues to trade lower near levels last seen in June 2010. Elections are due 7th May, 2015 and the currency seems to have entered into a weak zone for the near term.”
“Target on the downside is 1.4231. As said earlier, a break of 1.47 on the downside would be bearish for GBPUSD.”