GBP/USD Supported By Monthly PP

Discussion in 'Technical Analysis' started by Kaitlin, Oct 28, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Cable did not extend the latest decline yesterday, as the market confirmed support at 1.53, represented by the monthly PP and 20-day SMA. However, the bias is negative, and any attempts of the Sterling to rally should be stopped at 1.55, where the monthly R1 merges with the 100-day[​IMG]

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