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Forex technical analysis: GBPUSD rebounds

Discussion in 'Technical Analysis' started by ForexLive, Jan 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Helped by EURGBP reversal The GBPUSD has pushed back above 1.4400 level after breaking below a lower trend line and failing on that break (see chart below). The pair had been trending lower in trading today (see 5-minute chart below). The last leg lower in the NY session, took the price to a low of 1.4351 - just above the June 2010 low at 1.4345 (the next target).

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