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Forex technical analysis: GBPUSD stalls. Retreats.

Discussion in 'Technical Analysis' started by ForexLive, Aug 24, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    The rally stalls. EURGBP hits support. The GBPUSD has been rushing higher with an assist to the EURGBP which has been rushing lower. The GBPUSD broke above a topside trend line at the 1.3248 AND the 38.2% of the move down from the post-Brexit corrective high price (at 1.3979 from June 24). That was bullish.

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