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GBP/USD Risks Falling Back Under 1.46

Discussion in 'Technical Analysis' started by Kaitlin, Jun 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Upon reaching the 23-month resistance line on Tuesday, the Cable bounced back, erasing its intraday gains and ending the day with a 28-pip decline. The main resistance area is still represented by the down-trend, but the GBP/USD pair also appears to be struggling to climb over the 200-day SMA. As[​IMG]

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