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GBPUSD In Steep Descend, Post-Brexit Low In Focus

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

  1. Kaitlin

    Kaitlin Forum Member

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    Cable is in steep bearish acceleration after Monday’s gap-lower opening. Extension below initial 1.2913 supports (former base), cracked next significant support at 1.2864 (15 Aug trough) and look for retest of key 1.2795 support (06 July) post-Brexit low. Fresh weakness was signaled on completion of Diamond bearish continuation pattern, formed[​IMG]

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