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GBP/USD To Retest The Up-Trend

Discussion in 'Technical Analysis' started by Kaitlin, Jun 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Amid devastating US NFP data on Friday, the GBP/USD currency pair soared, reconfirming the three-month up-trend. Nevertheless, the Cable opened with a bearish gap today and with the bearish momentum taking the upper hand, as the ‘Brexit' fear is back. Technically, the exchange rate should find support around the 1.44[​IMG]

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