1. Hello Guest Click here to check FX Binary Point Financial Directory

GBPUSD moves back above close resistance.

Discussion in 'Technical Analysis' started by ForexLive, Aug 4, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Squeezing some of the shorts The GBPUSD has moved back above the weeks lows and the 50% at the 1.3161. The level tried to hold but resistance gave way and the intraday sellers, turned to buyers. Now the waters are a bit more muddy as the 1.3161 is now support with resistance near the 1.3186 level now (intraday highs and the 50% of the move down from the 1.32616). See the yellow area in the chart below.

    Read full forex technical analysis here

Share This Page