GBPUSD making new session highs

Discussion in 'Technical Analysis' started by ForexLive, Jan 21, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Moves above the 2010 low at 1.4227 The GBPUSD is trading to new session highs and in the process has moved above the 1.4227 level - the low from 2010. Looking at the hourly chart, shows the extent of the recent declines. Typically, it is hard to throw all that bearishness out the window - after all the move was for a reason. However, that does not mean the price cannot retrace. How much depends on the levels that can be breache.

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    Jan 22, 2016
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