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GBPUSD peeks below 1.4900. Stays above the December low.

Discussion in 'Technical Analysis' started by ForexLive, Dec 18, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Dec low comes in at 1.4894. The low reached 1.4898 The GBPUSD has taken a peak below the 1.4900 level, and also at the low price for December at 1.4894. That level is the lowest level going back to April 21. A break below the 1.4894 level should solicit more selling. Traders are leaning against the low as a risk defining level on the first look.

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