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GBP/USD Poised For More Strength

Discussion in 'Technical Analysis' started by Kaitlin, Apr 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    In the wake of deteriorating US fundamentals yesterday the British currency edged 100 pips higher against the Greenback, as the pair failed to maintain trade above the 1.46 major level. Furthermore, the nine-month resistance line was pierced, but the overall trend remains bearish, as the final down-trend around the 1.49[​IMG]

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