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GBP/USD Struggles To Preserve Bullish Momentum

Discussion in 'Technical Analysis' started by Kaitlin, Dec 1, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    A correction occurred on Monday, causing the Cable to erase intraday losses and end the day with a 21-pip gain. The weekly pivot point remains the closest resistance today, but a rather high probability of the GBP/USD falling down again persists. The November low at 1.5026 keeps supporting the pair[​IMG]

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