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Forex technical analysis: GBPUSD has a mini technical battle go on

Discussion in 'Technical Analysis' started by ForexLive, May 18, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Buyers find some resistance The GBPUSD has been on a tear today - moving about 200 pips from the low to the high. The pair has found some technical resistance against the 61.8% retracement of the move down from the may high to the may low. That level comes in at the 1.46019 level. The high price extended to 1.4603. The correction off the high moved down to 1.45765. That is near support against the swing low from April 29 and the swing high (after the break lower) from May 3rd.

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