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GBPUSD At The Back Foot, Daily Tenkan-Sen Support Remains Under Pressure

Discussion in 'Technical Analysis' started by Kaitlin, Sep 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Cable remains under pressure, following three consecutive days in red. Pullback from last week's recovery high at 1.3443 dipped to 1.3237 on Friday, probing below 50% retracement of 1.3057/1.3442 upleg. Early Monday's trading showed limited recovery attempts, however, renewed pressure on cracked pivotal support at 1.3253 (daily Tenkan-sen line) persists.[​IMG]

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