GBPUSD Clears Descending Trend-Channel Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Jan 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Following its bounce from a month old descending trend-channel support, coupled with upbeat UK economics, the GBPUSD managed to extend its up-move beyond the resistance-line of mentioned channel and test two week's high. The pair presently seems capped by the 1.4375-80 immediate resistance level, breaking which 1.4500 and the April[​IMG]

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