GBP/USD Struggles To Preserve The Ascending Channel Pattern

Discussion in 'Technical Analysis' started by Kaitlin, Jun 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    With experiencing another decline on Thursday, the GBP/USD currency pair inched closer to the ascending channel's support line. Technically, we should still see a rebound, as the trend-line is reinforced by the 55-day SMA and managed to provide the Cable with sufficient bullish momentum to keep advancing since March. However,[​IMG]

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