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Forex technical analysis: GBPUSD falls below trend line/makes new session lows

Discussion in 'Technical Analysis' started by ForexLive, Mar 14, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests support and holds though. The GBPUSD has moved below trend line support at the 1.4338 level (currently). That is the bearish view. The bullish slant, is the low stalled at the 38.2% and near the highs from ECB Thursday at the 1.43137 area. The other thing to note is the trend since Feb 29, has been to the upside.

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