Forex technical analysis: GBPUSD rebounds a little but...

Discussion in 'Technical Analysis' started by ForexLive, Apr 8, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    The data today was certainly not encouraging The GBPUSD has rebounded from what has remained support in trading this week at the 1.4232-58 area. The price action going back to Feb 22 has seen a number of swing lows bounce off this area. Yes, the price did venture below earlier in this week (on Wednesday), but that look-see was short lived (only lasted about an hour). More recently, the price has not exactly bounced like the other swing lows from March, but it continues to hold the line.

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