GBP/USD Risks Falling Below 1.32

Discussion in 'Technical Analysis' started by Kaitlin, Jul 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Friday ended with the Cable remaining relatively unchanged, suffering a small loss, but unable to fall below the post-referendum low of 1.3230. Technically, the GBP/USD currency pair should now undergo a correction, at least partially erasing previous week's losses, thus, piercing the immediate resistance in face of the weekly PP;[​IMG]

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