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GBP/USD On The Edge Of Falling To A Fresh Six-Year Low

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

  1. Kaitlin

    Kaitlin Forum Member

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    The British currency retreated from intraday gains on Monday, ending the day with a 20-pip loss against the US Dollar. The GBP/USD pair now faces the 2010 low at 1.4230, as it has been trading in a strong bearish trend for the last five weeks. A sharp decline on Friday[​IMG]

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