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GBP/USD Takes Another Crack At Weekly R1

Discussion in 'Technical Analysis' started by Kaitlin, Oct 7, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The US currency failed to outperform the Sterling, amid poor trade data and rising concerns over a 2015 Fed rate hike. As a result, the Cable tested the weekly R1 for the second time, breaching the immediate resistance and settling above the major level of 1.52. The bullish momentum is[​IMG]

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