GBP/USD On The Edge Of Breaking The 22-Month Resistance Line

Discussion in 'Technical Analysis' started by Kaitlin, May 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The British Pound once again managed to outperform the US Dollar, reaching the 1.47 major level yesterday, where the Bollinger band coincides with the 22-month down-trend. From the technical point of view, we should see the Cable make a U-turn and end the day in the red zone; however, daily[​IMG]

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