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GBP/USD To Put Weekly PP To The Test

Discussion in 'Technical Analysis' started by Kaitlin, Aug 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Cable overperformed on Monday, having reached the 1.3150 level, rather than remaining under the 1.31 mark. Another rally will be difficult to achieve, as the nearest resistance is now represented by the monthly PP at 1.3170, which successfully kept the GBP/USD currency pair from advancing since the beginning for[​IMG]

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