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GBP/USD In Tight Range Between 1.29 And 1.2970

Discussion in 'Technical Analysis' started by Kaitlin, Oct 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Friday ended with the Cable remaining relatively unchanged, as the post-Brexit down-trend limited the gains. Nevertheless, the GBP/USD pair opened with a bearish trend today, but the five-week support line keeps preventing the given pair from edging lower. Furthermore, the support line is also reinforced by the weekly S1, thus,[​IMG]

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