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GBP/USD Sets Eye On 1.21

Discussion in 'Technical Analysis' started by Kaitlin, Oct 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Even though the British Pound managed to outperform the US Dollar on Thursday, the monthly S3 once again prevented the pair from edging higher. Consequently, the GBP/USD pair is now expected to make a U-turn and fall back at least towards the 1.21 level. The Bollinger band around 1.2072 represents[​IMG]

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