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GBP/USD Returns To 1.3320

Discussion in 'Technical Analysis' started by Kaitlin, Sep 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GBP/USD bounced off of the upper boundary of the emerging ascending channel yesterday, but there is not a lot of room for the sell-off to extend. The immediate support is at 1.3320 (23.6% Fibo), while the recently broken trendline is at 1.3275. Additional demand area is seen near 1.32, where[​IMG]

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