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GBP/USD: Intraday Trade Settled Into Consolidation After The Sharp Decline To 1.1818 Low

Discussion in 'Technical Analysis' started by Kaitlin, Oct 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Intraday trade settled into consolidation after the sharp decline to 1.1818 low last Friday and only a higher break of 1.2623 resistance to provide the impetus for stronger rebound. With overall outlook still bearish, shorts are still favoured into upticks. [W.T][​IMG]

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