1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

GBPUSD continues to "sawtooth" its way during correction/consolidation

Discussion in 'Technical Analysis' started by ForexLive, Feb 2, 2016.

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    14,115
    Likes Received:
    1
    8 days of up and downs The GBPUSD has been up one day and down the next over the last 8 trading days. The pair closed at the 1.44315 yesterday. It was near the highs. Today, there was a push to new corrective highs at 1.4445 (yesterday's high reached 1.44438). The price has moved back lower over the last few hours and back below that closing level. Down on the day. Fits the pattern.

    Read full forex technical analysis here
     

Share This Page