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GBP/USD Attempts To Establish A Fresh One-Week High

Discussion in 'Technical Analysis' started by Kaitlin, Jul 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Sterling almost fully erased previous week's losses yesterday, but the second resistance level, namely the weekly R1, limited the gains. Today the weekly R1 acts as the immediate resistance, which could reverse the bullish momentum, causing the British Pound to return to the weekly PP at 1.3033, as technical[​IMG]

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