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GBP/USD In Tight Range Between 1.5415 And 1.5485

Discussion in 'Technical Analysis' started by Kaitlin, Oct 16, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Cable experienced minor volatility on Thursday, ultimately suffering a slight decline on mixed US economic data. Nevertheless, the Sterling remains at a three-week high, but the situation might change today. The 100-day SMA and the monthly R1 keep providing resistance around 1.5485, lowering the Pound's chances of edging higher.[​IMG]

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