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 Extends Lower, Fresh Upside Expected After Correction

Discussion in 'Technical Analysis' started by Kaitlin, Sep 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    5,771
    Likes Received:
    0
    Cable eases further from fresh seven-week high at 1.3443, posted after Tuesday's strong rally. Softer-than-expected today's UK data put the pair under pressure, signaling correction. The first pivot at 1.3350 (double – Fibonacci support) came under pressure and break lower could extend pullback towards 1.3290 zone (lows of 05/06 Sep/hourly[​IMG]

    Continue reading...
     

Share This Page