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GBPUSD breaks resistance as it continues its recovery

Discussion in 'Technical Analysis' started by ForexLive, Jun 29, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Small steps for the pound but the buyers are gaining traction 1.3420 was resistance yesterday and today and was S&R on Monday too. GBPUSD 15m chart We've hit minor resistance up around 1.3450 and there's more waiting at 1.3470/75. 1.3500 is the next big fish if we want to see the gap closed and 1.3550 is where support was found before breaking 1.3500 the second time. If we see 1.3500 hold then the battle is on between the recent buyers and those who have hammered the price down here.

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