GBP/USD Risks Sustaining Sharper Losses

Discussion in 'Technical Analysis' started by Kaitlin, Jul 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Due to BoE governor's statement on Tuesday the Sterling weakened substantially, breaching the 1.3230 support level and slumping down to the 1.30 major level. Even though technical indicators are giving mixed signals today, the Cable remains subject to more weakness. The weekly S2 at 1.2899 is the closest support today,[​IMG]

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