1. Hello Guest Click here to check FX Binary Point Financial Directory

British Pound Eventually Broke Critical 1.2795 Support

Discussion in 'Technical Analysis' started by Kaitlin, Oct 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Pound accelerated sharply lower after brief hesitation ahead of critical support at 1.2795 (06 July post-Brexit low), which was eventually taken out. The pair hit fresh 31-year low at 1.2754, with strong negative sentiment triggered by loss of 1.2795, expected to spark further weakness.[​IMG]

    Continue reading...

Share This Page