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GBPUSD takes a tiny look below 1.2200

Discussion in 'Technical Analysis' started by ForexLive, Oct 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Accelerating the fall The GBPUSD has taken peak below the 1.22000 level (my low bid print is 1.21987). In the process, the price has moved away from the post crash low at 1.22249 (now resistance). The price has also fallen below channel trend line support at 1.2222 AND another trend line connecting the recent lows on the 15 minute chart below. That comes in at 1.2210. The momentum is accelerating on the break of the lower trend lines.

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