GBP/USD Enjoys 1.47 Area

Discussion in 'Technical Analysis' started by Kaitlin, Jun 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The British currency overperformed on Monday, having edged more than 200 pips higher against the US Dollar. Moreover, the Cable reconquered the 1.47 major level yesterday, but still remains in an overall bearish trend until the resistance line is overcome. Technically, the Pound should undergo a correction today, with investors[​IMG]

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