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GBP/USD Closes Above August High

Discussion in 'Technical Analysis' started by Kaitlin, Sep 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Despite our expectations GBP/USD spiked through the nearby resistances, including the August high, and approached the highest level since July (1.3480). Disappointing US data gave the pair strong impetus yesterday, but trading still seems to be bound by the bullish channel. This means 1.3500/1.3480 should act as a ceiling, while[​IMG]

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