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GBP/USD Closes In On 1.43

Discussion in 'Technical Analysis' started by Kaitlin, Jun 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GBP/USD moved even closer towards 1.4340/1.4290 yesterday, and a test of this demand area, created by the 100-day SMA, up-trend and monthly S1, will be a strong bullish sign for June. Meanwhile, the immediate support is at 1.44, implied by the 55-day SMA, and it is seen as able to[​IMG]

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