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Forex technical analysis: GBPUSD off key support but buyers need to do more

Discussion in 'Technical Analysis' started by ForexLive, Jan 13, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    When the price moves lower on 10 of 11 days, the counter trend traders need to step up and show they have something more. The GBPUSD has been down on 10 of the last 11 trading days. The close yesterday came in at 1.4445. The price is currently below that level which would make today the 11th of 12 days IF it closes below this level. But do the buyers have a leg to stand on?

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