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Forex technical analysis: GBP on the move to the upside

Discussion in 'Technical Analysis' started by ForexLive, Sep 6, 2016.

  1. ForexLive

    ForexLive Forum Member

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    GBPUSD, EURGBP trade at highest levels since mid July The GBPUSD and EURGBP are trading at extremes not reached since July. For the GBPUSD, the pair has moved above the July high at 1.3371 and scooted higher. We now are getting weaker data out of the US and that too is pushing the dollar lower and the GBPUSD higher (the price moved above the 1.3400 level in the processs).

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