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GBPUSD Consolidates Above 1.3300 Handle, N/T Focus Remains At The Upside

Discussion in 'Technical Analysis' started by Kaitlin, Aug 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable generated strong bullish signal on Tuesday’s break and close above pivotal 1.3300 resistance zone. Rally peaked at 1.3363, where it currently holds after corrective dip to 1.3285. Near-term studies turned to full bullish mode and favor further upside action, however, mixed daily studies (MACD in negative territory/lack of fresh[​IMG]

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