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GBP/USD Hovers Above 1.30

Discussion in 'Technical Analysis' started by Kaitlin, Sep 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The British Pound plunged against the US Dollar on Friday, amid a strong reading of the US CPI. As a result, the main support area around 1.3140 failed to limit the losses, causing the Cable to drop as low as the 1.30 psychological level. Demand, represented by the 1.30 mark,[​IMG]

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