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To Stronger, Sterling Need Skip 1.5560

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Analysis and Technicals
Monday, September 21, 2015
To Stronger, Sterling Need Skip 1.5560 - Sterling began to rise after the open gap down in trading today, but to rise further, the British currency must pass through 1.5560 resistance.

MACD and stochastic indicators are moving down put pressure on sterling. A further decline to test 1.5500 area, before heading to 1.5450 area.

While if it is able to break above 1.5560, sterling has the opportunity to rise to test 1.5610 area.

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