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GBPUSD Remains Under Pressure, Psychological 1.3000 Barrier Caps Consolidation

Discussion in 'Technical Analysis' started by Kaitlin, Sep 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Cable posted marginally lower low of five weeks at 1.2943 today, with near-term action holding in consolidative phase between 1.2943 and 1.3000. Yesterday's close in red and below psychological 1.3000 barrier, generated negative signal for further easing, as the pair came under increased pressure after breaking below daily cloud.[​IMG]

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